CEO’s Outlook and Personal Investment The company’s CEO, Richard Young, holds a positive outlook for Argonaut Gold's future. He suggests that the stock price could reach or exceed the conversion price of $4, depending on the price of gold before the convertible debt matures on November 30, 2025. Richard Young has personally invested in the company, purchasing 5.2 million common shares on the open market at an average price of $0.48, totaling $2.5 million. Additionally, Vinnie Young has also invested personally, purchasing 460,000 common shares on the open market at an average price of $0.51, amounting to $235,000.
It’s a fairly regular occurrence for CEOs and their relatives to purchase their company’s shares in the open market. Such a move is often seen as a display of trust in the company’s future. When a CEO and a family member make a personal investment in the company, it’s seen as a testament to their conviction in the company’s growth potential.