RE:WTF!! I wish I had the capital to buy more at these levels.
I think the outlook is still the same it's just getting delayed by I guess 'supply chain' issues which has been an excuse your seeing around many businesses.
I think earlier it got quite a bit ahead of itself when prices it was running up to .60 so quickly and that was while many gold companies were starting to fall off recent highs. It's hard to value this because it's all about soft numbers at the moment, I took a run at calculating possible revenue but there are many holes in that theory, we need to get some runtime to see production results from both plants to evaluate where we are at and where we are going. Really the current numbers don't look bad as most of the quarterly loss seems like it's associated with upgrading of plant 1 and getting Boston to the construction finish line, and as stated before revenue has pretty significant upside when Boston gets into production even if it's starts at half capacity...
Smaller penny stocks tend to get hit the hardest during sell offs or negative momentum and I think that's what we are experiencing here, most larger companies I'm watching have fallen 5-15% in the past 2 weeks, but penny stocks have either held thier levels or I've been seeing drops 20-40%. I would say for this company specifically there are 2 catalysts that would lead to share price growth again, rising of gold prices into the upper 1800s and beyond or more importantly the news that Boston is in production, the latter likely being the larger effect and also the soonest I'd expect to occur as they said they expect expect it close to the end of the month (I wouldn't be surprised at this point if we drag into January, but I'd be disappointed if we got to March).
I think most investors expected a pull back, and this time of the year you have tax loss selling happening also, but this has been a rather violent move yet most earnings and outlooks have been rather strong, many companies increasing dividends or giving positive outlooks for 2022.
If I had money avalible I would be a buyer up to the 35 cent level, and if it gets above there hold until I seen what Boston's production numbers are. I'm currently in at a little under 26 cents so I've rode to a double and now underwater so my money is where my mouth is and I continue to be here for the long haul even if it hurts.
Anouther positive side is that is seems like we are well capitalized with cash reserves to start work on the next plant or even 2 going forward, but I would hope they take their time to make sure Boston is running effectively before they make thier next move. The plan in all the circulars are to get 2 plants running per year, I would be content if they calm those plans down until they get the current kinks worked out. It's not like the gold in the ground is going anywhere and after just a couple weeks of production I'm sure it would show how the plant is preforming. I don't mind announcements on locations of furture development, but I would hope they don't start work on the next unit until we have Boston operating properly.