RE:RE:RE:RE:RE:RE:Stock option amendment
Hang on. The S/P erosion is broad market induced. If you go to Stockcharts and graph TUO.V against the TSX Gold Index you'll see a massive gain in the summer of 2020, when the Three Amigoes outperformed the gold market (which was also positive) by a long stretch.
This year so far TUO has tracked the gold index. That's the downdraft on valuation, it has little to do with any management work. At the same time they have been working, drills have turned, we await results. Insiders have sold no paper to speak of.
Should Dino carry the can on gold market depreciation when the exchange rules permit repricing of existing options? I have little problem with it, nor do I believe it indicates any prediction about the share price other than it is expected to run higher, hopefully with a combination of motivating drill results, deals, and especially a higher gold price. The table looks set that way.
TUO has kept dilution down, and does not burn big cashflow into management. That is what the options are for, they have another drill season under their belts - a lot of work involved, the assays aren't in, but hang on and wait and see.
If you do a peer group comparison, Dino does not specialize in pillaging the share float, unlike many others. He's trying to build something, this year there were market headwinds - but the forecast is improving. Inflation is not transitory, and real negative rates are here for some time to come. That's great conditions for gold prospects.
I have zero problems with this.
cg