Dec 26th 2011, 09:18 GMC Gold Mountain Capital
by Legolas Delgado
The week that was 12/19 – 12/25 - GMCThe week that was 12/19 – 12/25 - GMC
Cash – L$ 109,799.10
BDVR – 365,437 @ 0.136259– L$ 49,794.19 (VAP)
BOTS – 93,632 @ 1.18391 – L$ 110,852.41 (VAP)
CAPX – 16,707 @ 8.54173 – L$ 142,706.83 (VAP)
GDI – 798 @ 6.28980 – L$ 5,019.26 (VAP)
GVC – 47,267@ 4.84426 – L$ 228973.98 (VAP)
SEC – 333,699 @ 1.62655– L$ 542,779.49 (VAP)
VGW – 90,510 @ 1.00497 – L$ 90,960.30 (VAP)
Total – L$ $1,280,885.54
Last Week Capitalization – L$ 1,213,582.26
Increase/Decrease = L$ 67,303.28
% Increase/Decrease = 5.55%
Starting Capitalization – L$ 960,100.00
Increase/Decrease = L$ 320,785.54
% Increase/Decrease = 33.41%
Volumized Average Price (VAP)
Sorry for the 24 hour delay, the Christmas holiday has me tied up all day, this report is for the dates listed above.
This was a monstrous growth week for GMC. The NAV went up by L$67,303.28. The largest one week L$ increase since the fund was started three and a half months ago. This was largely due to SEC moving closer and closer to the L$2.00 mark. Every time SEC increase by L$ 0.10 GMC stands to move up by 33,369.90, I would expect in the coming weeks SEC finally stabilizing right around L$2.00. I see the NAV of GMC moving to over L$1,400,000 by the end of next month.
This week, GMC also bought 90,510 shares of VGW. VGW is a quality land management company that focuses on organic incremental growth. The CEO’s (Tuvok Dingson) philosophy is to take one step at a time, undersell VGW’s performance, and over produce on their results. The CEO has a large amount of pride for his company, and an unending amount of respect for his investors. So much so, that if there ever comes a time when Tuvok must delist VGW, or close the company out. He will first buy back all of the shares at L$1.00. This means if you buy VGW at L$1.00 (like GMC has already done) all you need to do is sit back and collect potential dividends. Speaking of, the forecast moving forward is .01L$ a month minimum with high potential for .02L$ a month. Of course there are no guarantees in SL investing, but after speaking with the CEO at length. He has my full confidence.
NOTE: This does not mean that the stock will never move below L$1.00 , just that if there ever comes a time to close up shop, the buyback will be at L$1.00
---In line with the increase NAV, the new buy back price will be set to L$0.32---