RE:RE:RE:RE:More BS from insider Spin DrOver on ceo.ca I just noticed another FUD post from Ogopogo spewing his lame, uneducated, BS......but also did say he sold his shares (4 bagger) back in Feb (4 bagger and still complaining....lol).....but if he has sold his position, maybe we will see less of his FUD on the boards (or maybe not - as you said, he doesn't seem to have much else to do).
Nice to see a couple of recovery days on the STGO share price, but quite low volume on average, and still under value by any metric you can think of to compare to peers. The cross of 1.5million shares from Triple Flag to the institution was at $2.35. (I still have to figure out who said institution was :-) ) I guess we will all know soon if indeed this major institution now owns ~5% of the company as you suggested). Institutions (Eric Sprott, Elliot Singer, et all) who invest in junior companies like STGO have longer term / wider views of the big picture. This is in stark contrast to the impatient, LITTLE, unknowledgeable ("get rich quick and then get out") kind of guys like Ogopgoof, who have little understanding of market forces, macro economics, and what junior mining takes (i.e., from taking a plot of land, exploring, developing, and producing it - path to profits and enable expansion). Path to profit and multiple re-rates higher is not always quick, nor a linear path.
The investment thesis here remains sound in my books - yes a slower roll, but STGO remains a bigtime success story (so far) through and through. Analyst coverage also supports this. The next big puzzle piece is the BFS.....if that is juicy on its profitability numbers, then I have to believe a significant re-rate upwards is inevitable. Add UK drilling results right in between Erdene's properties and resource is expanded yet again.
Curious why a supposed long term shareholder like Ogopogo (who was already supposedly a 4 bagger) would sell position right before the BFS numbers come out in Q2......probably ran away to try and get a piece of the bitcoin/crypto currency get-rich-quick action?? Good riddance! It's just like when Ogopogo got busted a while back about all his multiple aliases (e.g., GripNRip) and that he was a paid basher (day job janitor) all of a sudden GripNRip disappeared into thin air!
Ogopogo mayhave sold his 16 shares but I note that not a single insider has sold their shares that I know of (other than the cross by Trip Flag), despite their early PP shares being well in the money - why? I think company insiders must share my view that the company is undervalued today and has significant potential for re-rating upwards with BFS and UK....
JMHO
Chonasis