ARGONAUTGOLD wrote: The construction costs for Island Gold will exceed $1 billion, with a maximum output of only 2,400 tonnes per day (tpd). The construction costs for Magino are similar, but its maximum output is projected to reach 20,000 tpd very soon. With the implementation of OREpro3D technology and the completion of reserve expansion, the head grade is anticipated to rise. The company has already processed ore with a gold grade as high as 1.5 grams per tonne (g/t).
It appears that you and Psych01 may have made an unfavorable investment decision by investing in the company during the construction of the billion-dollar mine. This could account for your's and Psych01’s persistent criticism of the stock. The extra expenses related to Magino’s construction could have been anticipated considering the cost and output of Island Gold. It was your responsibility to notice this. I believe the only thing that is 'garbage' is your perspective on the company.
Despite this, I’ve noticed a pattern where many users on this board express negative views about the company. Interestingly, these same users question why the stock price is low after several days of criticizing the stock. Investor sentiment, which refers to the collective attitude of investors towards a particular security, can significantly impact a stock. When most investors are optimistic, they tend to invest more, which can drive up stock prices. On the other hand, when investors are pessimistic, they may sell their stocks, causing prices to fall.
In conclusion, if you hold a long position in the stock, your negative comments could be detrimental to your own investment and negatively affect the sentiment towards the stock.