RE:RE:and the FACTS are .26 centsgoldanalyst wrote: Mr. Market is often wrong especially when sentiment is this bad in a sector.
The herd is just that. It overreacts in both directions. When volume and sentiment is this low
intrinsic valuations go out the window. Gold for example, is only down 2% in 2022. One of the
best performing asset classes and yet many gold/silver miners are down 50% or more. Maybe
you believe that the market is correct? Frankly, I don't. It's an overreaction to the downside. Expect
an overreaction to the upside at some point. The herd just does what the herd does.
The trend is even more exaggerated in exploration companies. I see mispriced stocks everywhere
in this space. NVO is just one of many IMO
Common mistake made by newbies in thinking that stocks with uneconomic projects and abysmal management like NVO will follow good stocks into recovery. Some newbys destined to learn the hard way...