blitzer2 wrote: gold_diggers1 - No, I can not remember what the shares outstanding were at that time.
The $1 plus SP happened in 2010 and also again 2011. This was well before Riverstone
merged with another company and became True Gold in 2012. It was also before Teck
Resources and Liberty Metals and Mining bought positions at .33 cents in 2013.
I don't believe what the valuations were then and what they are now has any relevance
today in the gold markets especially, with what has been happening around the globe
and the world markets in general over the last 4-5 years.
I am not in the business of forecasting share price and certainly not valuations so, I will
not speculate what I think the value should or, will be once they start pouring gold.
My last post was not a TGM pump of any kind but just a reflection of a little history of
two different times particularly, with what assets TGM had then and what they have
now and to help to give some perspective. The biggest driver with any stocks
usually in my opinion, is market sentiment and I am sure you know, some stocks will
therefore be overvalued and some undervalued. Everybody needs to just do their own
due diligence here or, with any stocks, to make their own decisions as to whether they
buy or sell.
I am sure you also know that in the gold market right now it's tough if you are just an
early stage explorer trying to get drilling funding etc. TGM has come a long, long way
since those days and will be an actual gold producer very soon.
And regarding what you said: '
what about all the streaming deals that TGM has to fulfill?' It's only to two companies, Franco-Nevada and Sandstorm and TGM have to supply just
20k ozs every year over a 5 year period.
If you or, anyone else here wants to get up to speed a little more on the history of TGM
and the early days of Riverstone, it's all here on their archive page going back to 2004
when Riverstone was just getting started:
https://www.truegoldmining.com/news/archive https://www.truegoldmining.com/news/archive