Price is not ValueHard to believe the share price has hit $0.75. I thought support at $0.80 would hold, so hopefully this rebounds quickly above that level. There seems to be a committed seller in the mix.
Having said that, on days like this it pays to remember that price is not the same thing as value. Those buying today are getting shares for signifiantly less than Eric Sprott earlier this spring, when he bought a large sum of shares at $0.97.
It's true that the portfolio value of SPOT has taken a hit with the slide in share price of NFG and other holdings, but this is also a buying opportunity for them. They will undoubtedly use these low prices to invest in other promising explorers, as the news flow has recently suggested, so will continue to grow the portfolio as they attract new business to the consultancy.
We should also receive news in the near-term about how they plan to roll out SaaS revenue for their software products.
It's possible we haven't seen the bottom, but I see this as a short-term hiccup. Nothing more. With plenty of cash and expenses (mostly) covered by consulting revenue, they have time on their side.
GLTA