RE:Any One elseCaptiveCutting wrote
one else think this is maybe being moved down so the next private placement finacing can get in at there desired price... just a thought the question I guess is how low will it go... me thinks it will hit 29 cents before we see a bottom... just my 2 cents
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Anythings possible but the uncertainty here plus the general market crash making it worse is likely the main problem. Look at Argounat Gold as another example. The huge cost over runs at Magino has driven the shareprice down from over $4 to its current 43 cents.
How low can the shareprice go? Hard to say. A good news release of financing such as debt or a gold stream could give the stock a big boost. A private placement done at even lower than the current shareprice could drive the stock down more as happened with Argonaut.
One thing is for sure with a market cap. of aprox. $150 million and aprox. $70 million in cash for a mining company with an existing mine and lots of rich gold ore which only needs another $100 million to be able to get into production at the rate of 150 000 ounces per year of low cost gold the potential here especially at this low of a shareprice has my complete attention.
It will take time likely a couple years before the mine is up to full production but if they get a good financing deal such as debt or a gold stream and dont have to do a huge dillution at a very low shareprice the potential here when you look at other gold miners production and market cap. is that you could have a 10 bagger or more with this stock. Lets remember that aprox. 8 months ago AOT itself had an aprox. $600 million market cap. which is now a quarter of that. What exactly has changed besides not getting the financing yet?
The current situation with all the uncertainty with AOT and the general market crash we are currently in has resulted in the AOT shareprice going down to this level and created a huge opportunity for those with the guts and the time to wait as In due time market crashes end,AOT will find financing and complete the project and start producing 150 000 ounces per year of low cost gold.
For those who have the patience to wait a couple a possible 10 times your money sounds very good to me.
Count me in.