One reason for the drop was the start priceI have no opinion whether the shares are worth $7 or $8 or $9.
I do have an opinion that the share price was in Looneyland when it was at $22 during the past 52 weeks. Market cap was over C$6b. This was crazy, crazy even if all the properties were in Quebec or Ontario. The multiples were crazy, crazy.
THO can never ever the same again. The perceived safety of an investment in Guatemala has been tarnished for decades. There is no "undo" button.
The other mines, outside Escobal, will all lose money with $1,200 gold after corp expenses, government tax etc.
If anyone has an opinion about the likely outcome of Escobal I have an opinion about them. They need to get their heads examined. It is unknowable what might happen. It may take several years to find out because the next step may lead to a new step etc. etc
This was a shot out of the blue that nobody foresaw and nobody could foresee it.
Wounds should be licked, but there is no point in blaming oneself
mat