Though hopeful for this next earning's report, I am not expecting anything exceptional. That will come, and by the time it does, the share price will already be much higher in anticipation. It's really the 3rd and 4th quarter of this year and beyond that has me most excited, especially thru 2017 especially if and as I expect Gold continues higher in this new bull market.
That said, the lower cost structure and higher gold prices certainly could make the 2nd quarter a nice surprise. I just don't expect the big things until after, especially 2017 for the very big things. Of course, as always, time will tell. I do believe this new bull market presents an incredibly strong opportunity for gold miners, especially junior gold miners like GSS, one of historical significant in fact.
"Security issue in which one or two underwriters buy the entire issue. Also known as a guaranteed or fixed-price sale; opposite of a best-efforts sale."
"A new issue that a single underwriter purchases in order to place with investors. Most of the time, new issues are made through a syndicate of several underwriters. Likewise, most underwriters are reluctant to buy part of a new issue if they are unsure of how much demand there will be. Thus, an underwriter only agrees to a bought deal if it believes there will be a good deal of demand so that it can quickly re-sell the entire issue."
GSS is a junior gold miner and growth stock, with significant and accelerating proven reserves, production and earnings growth expected from this year to next, and that is before any further increase in the price of gold. If as many of us believe, gold has bottomed off an historically long bear market and is now only in the early stages of a new bull market, then it is very likely that the $.15 earnings projection will turn out to be very conservative. Just using a conservative multiple for next year's conservative earnings estimate, and this thing will be going very much higher. This bought deal underwriter put their money on the line they were so convinced.
Long and strong. And we may not have to wait much longer for little ol GSS's share price to begin a much more significant and sustained leg higher, one more of many. Gotta love the chart too, fundamentals and technicals both. GLTA
Patches and Oldminer, I appreciate your input, and I tend to agree. The one poster here who referenced a possible union strike, that concerns me, though I know nothing about that or its likelihood at all.
What I would really welcome is any specific fundamental input, especially related to how much current production of gold and silver exists, and how much is expected to be in place by say end of this year? For instance, GSS is a small miner and made some good recent acquisitions expected to noticeably increase production within the next roughly 12 months, while AUMN's projected production increases I believe are at least a few years out. I have less of a handle on this issue for EXK and HL, other than to note that both do appear to expect increasing production levels?
I like and have purchased both, but are discussing growing production levels going forward, and both have favorable consolidating charts at present, but I am torn as to which I like better, for the next 6 months, and then the next year, especially on the fundamental side. I thought to put the question out to the board. Any input, including the basis or reasoning? Thanks.