I think maybe....Good afternoon, Pilgrim
You have always been a good man/poster.
First and foremost the stock price dropped due to 50,000,000 more diluting shares on top of the post merger 429,000,000 more or less shares, in my opinion. I could be wrong? I will be somewhat shocked when the merger shares hit the market the price even hold here?
This new 3 million CDN pesos will just be dust in the wind in months...then? And just what 3 million really buys this afternoon in the mining world equipment housing for workers, skilled larbor?
Pilgrim the entire market is one complex ponzi which is about to change. I would suggest if it is not a producing asset, right now ..forget about, period
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Inflation will continue....interest rates will rise. Today's pause is just a controlled paused. Real rates will become reality, rising, due to lack of liquidity in the bond market. When government cannot borrow in the market, it will inflate more until it cannot, that is soon.
In summary, someday this stock could be worth 40 cents. Unfortunately 40 cents will be worthless. I am certain you realize that everything has changed...when even i once considered this company viable. my opinion. It too will continue to dilute, rename company, and consolidate ....unless they strike a bonanza on ones its properties. Good luck.