RE:Undervaluation or problematic cash position?Reply from CFO to my msg of 12/10: "We had an unknown seller come in on a down day for gold equities who indiscriminately sold what amounted to more than 20x our average daily volume over the course of the last hour of the trading day. As I don’t know the identity of the seller, and most of the selling was done anonymously, I would not be able to know their motivation."
The sp hasn't recovered since then. Symptomatic of the general mining market but also they're on a deadline for the end of the year for publication of the Feasibility Study and then a decision on construction. I've held and bought a few more at these levels as I'm hopeful for higher gold price in Q1 2024 which will put them in an even better position to raise the capital to take the project forward.
As always, do your own research. Hope this helps.
SW