RE:RE:RE:RE:Argonaut’s Missteps: Scapegoating Magino Lifexprt, can you provide evidence that the company GMT purchased shares above C$1.00? Or did you assume this? I cannot find any evidence to support this cliam. That is a very bold statement as this would significantly change their average.
I also don’t believe they purchased shares at C$2.00 as the public were aware of the cost overruns in December 2021. It’s improbable that GMT began loading up on shares, prior to the massive sell off, as they most likely anticipated the company required a substantial amount of funding for Magino.
I’m assuming they may have purchased relatively close to the double bottom at C$.78 before the stock price tumbled down to the C$.40s. There is no evidence which states the date or price at which they purchased those shares.