Post by
Copper1967 on Oct 30, 2023 1:01pm
Oct 27th Webinar
I listened to the October 27th webonar this morning. Everything sounded positive moving forward. My one question is about Sugarloaf. They keep mentioning "when market conditions improve". Given that the price of gold is within $100 of its all-time record high price per ounce, what market conditions are they referring to?
Comment by
risk53 on Oct 30, 2023 1:33pm
Hey copper, The market conditions being referred to are investor appetites for the underlining companies stock like AMC, and companies that explore, mine, and produce. The metals (gold) themselves are healthy, but sentiment remains in the tolit for companies underling stock which is their real currency. spinning out sugarloaf now wouldn't be prudent. I trust these guys...glta Lou
Comment by
Copper1967 on Oct 30, 2023 2:53pm
risk53, that makes sense. The ARIZONA METALS team has done a great job so far. If the wait results in major share appreciation for all shareholders, then I'm prepared to wait to cash in !