RE:RE:RE:RE:THO BUSTED?MGMT? PROBLEMS EVIDENT?UNDER $3 CADThis type of post is reminiscent of the First Quantum Minerals (T.FM) and copper woes of early 2016 when the SP of FM was hovering around 2.50 CAD. It was a multibagger (4-6x) for those brave enough to buy in and assume risk during the dark times.
Although no one has a crystal ball on where the THO price is headed, the following is my opinion on the two possibilities:
1. Escobal comes back online and in about 2 years this will all be old news when the SP is in the two digits again.
2. Escobal is shutdown permanently and Guatemala drives away foreign investment. The SP drops towards the $4-5 range as the assets in Timmins and Peru will carry the leaner company forward. In this scenario, the company would likely attempt to sue Guatemal in international courts, but collecting any settlement will be a challenge given the political climate.
Of course the above is purely my opinion and not meant to be investment advice.
Good luck to all longs and shorts as the end goal for either of us to improve our financial well-being.