RE:Bad news
Perhaps management will finally buy some shares via their NCIB. Their purchasing has been non-existent this year - pathetic. Holy USD dollar Batman! The way the US is raising interest rates there's no easing in sight; according to Powell, they won't stop raising rates until inflation is addressed - my guess, it'll be another 1.5% hike over the next couple of sessions rendering a US/CAD exchange rate of about 1.45-1.50 - we're almost at 1.38 now. Aren't their PNG operations paid in USD? It should be a boon for them come 2023 when they have more than 1 rig drilling.
You're not kidding about patience. I'll continue to accumulate more aggressively at these crazy low prices. Personally, I think it's a good time to buy but alas not for the faint at heart. I have time to wait.
Cheers,
JJ