2023 price of gold is a greater concern than weekly changes Funny how non producer stock price varies with gold price ! It will be at least 2023 before a mine will be producing at Rovina Deposit (probably not by ESM). That is the same for all other non producers.
I think it is a given that a gold price north of 1600 will make for a profitable mine so if that is a firm belief by some major ,nothing changes with respect to buy out price.
It is frustrating, as hell, to watch these price manipulations but If ESM management is at all competent( that might be a big IF ) ,in this bull market scenario , they should be able to get an investor to buy for 2-3 cad per share given current share structure.
No certainty for sure but for longs like me it is probably just as well to hold and watch this unfold in the next 3-12 months .