RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE: I'll Likely Make A Big One-Time Purchase Of TLG Shares....ARTG is actually a good example of how a company's share price can be up-and-down volatile / range-bound during the permitting / financing / contracting phase of a project.
When ARTG released its FS on Sept 13, 2021, the share price was 5.25.
Some random dates to illustrate the volatility of the share price:
Nov. 15, 2021: 7.19
Jan 24, 2022: 5.90
March 28, 2022: 7.46
May 30, 2022: 5.50
July 25, 2022: 3.98
Sept 13, 2022: 4.65 (one year later)
One-year return from the date of the release of its FS: -11.4%
Now, other factors such as the stock market in general, price of gold, etc. can also affect the share prices of companies at this stage of their life, and who knows, it's possible TLG may run counter to my expectations. But as you can see, just because you produce a great FS with a market cap at a big discount to NAV doesn't necessarily mean it's onward and upward while the company goes through the tough sledding of moving toward finalizing all that's needed to commence construction.
Again, we shall see....