he stock price is nearing historic lows and it appears that the current sentiment, reflects the tendencies of the community that tends to buy at high prices and sell at low ones. I don’t mean to offend, but it seems that a small group of investors are facing this reality. Consequently, they voice their speculations on these forums, shaping a narrative that justifies their poor decision. It’s likely that they’re trying to turn their failures into a form of successes. For instance, if someone bought at the peak price around $4, they’ve probably realized by now that it wasn’t a wise move. So, they resort to criticizing the company online, for which they’re now left holding the bag, as a way to cope with their situation. This action gives the decision-maker a sense of false success, as the market continues to decline.
Having said that, I’m simply a young adult from Winnipeg, with expertise in computer science and experience in building gold mines. Some of you might know me more personally, as we’ve had discussions outside of these forums. My situation is quite straightforward. I’m wagering on the market price of Argonaut Gold surpassing its fair value. Regardless of whether the news release in March triggers a push towards fair value, I’ve always understood that a high stock price is contingent on positive cash flow, something the company may not see until the 2nd half of 2024. I’m here for the same reason you are, nothing more. I primarily post my analyses to receive constructive criticism to help me grow as an investor, as I’ve encountered many intelligent individuals on these forums who have shared invaluable information.
Lastly, I strongly believe that sentiment significantly impacts stock prices. I’ll emphasize this again, disseminating fear, uncertainty, and doubt (FUD) about the stock you’re invested in can potentially lead to a decline in its price, which isn’t advantageous for you.