Some sad thoughts Something bad is happening to Batero. While companies with far less gold in the ground jump three and four times, Batero lags behind without moving. Behind the closed doors something is happening. Last year they hired a new chief geologist. A few days ago they replaced the CFO. They are alive and well and they are probably working on the project at the administrative level. But, note that Betro's CEO is also the CEO of another company much larger than Batero. The company name is Antioquia Gold (AGD-V). This company has board members and executives who are also on Batero board. The company has a huge debt of 130 million and Capital Market of less than 50M. Batero has financial reserves and lots and lots of silver and gold in the ground. Something inside me says that very soon some deal will be settled between the two companies at our expense. Batero's stock value will be completely eroded to enrich Antioquia Gold.
This is why Batero is pushing the price down so that Antioquia Gold can buy it at a ridiculous price.
This is a wild guess, but if you add the dots the picture is inevitably clear.