RE:ValueAt this level, there is tremendous value at this current price yet it's now 13 trading days in a row down, which is scary.
The only issue I see is that a lot of production is placed on True North in Q4 if Management wants to come in at their full year guidance of 213 - 230 K oz. of GOEs. The market is doubting they can achieve this based on pretty poor TN results in Q3 + the issue at Hollister with CIL circuit in Q3. Q4 is riding on TN & a recovery in production and recovery rate at Hollister...plain & simple. This drastic drop in SP is based on pure sentiment and doubt for forward results in Q4 and doubt of realizing full year guidance. Thus all this has now been discounted out of SP.
IF they do reach guidance for 2017, the stock will go right back up to $ 4.80 CAD area since all the doubt will have been for nothing. That is the message the co. needs to deliver in Q4 absolutely imperative.
JIN
diceroll777 wrote: Morons are yelling! Value is simply price of gold, minus production costs times production units. It is not rocket science. If they hit projected production this year and next, patient investors will make money. This stock had 60 thousand shares trade at the bell. Penny traders! Stock dived on 10/31 options. I bought in every dip. Yes, I’m losing right now, but it is a marathon not a sprint. This stock was worthless in 2012. Idiots shouting Armageddon are risking little. 11/9, production will be confirmed.