Post by
templetooth2 on Apr 29, 2021 12:00pm
Jorge Ganoza - Deep Value Destroyer
Jorge made a fluff appearance on BNN Bloomberg, claiming to be a deep value investor, spouting all the usual corporate platitudes, blah,blah,blah.
Since the deal announcement, un-Fortuna-te stock has dropped from about $9.60 to the current $7.30. Multiply by 194 million shares and you get $446 million that has been vaporized by these deep value management types.
I still maintain this unfortunate stock has further to fall - look for a neighborhood of about $6 or less. As a 450,000 annual ounce Au producer, it should trade around 3/4 of NAV.