RE:RE:RE:RE:RE:RE: I'll Likely Make A Big One-Time Purchase Of TLG Shares....1) The value the market places on a company at any given point in time is its market cap, not its share price. You'd have to go back and see how many shares outstanding there were when the price was much higher. Don't forget that the share price will initially surge if the early batch of assays are impressive as speculators enter to ride the momentum. They then sell, take their profits, and the share price goes down, so I wouldn't assume that the higher, earlier share price was accurately valuing the company at that point in its life.
2) Share price in pre-construction mining companies building their first project are often mispriced to the downside during the financing / permitting / contracting phase because it's a relatively mundane time period and there are concerns about what kind of deals the company can cut in hiring contractors, ordering supplies, etc., how long before all permits are obtained (Quebec should be easy. The Feds, not so much), and what the terms / deals are on the financing.
That said, I am bullish on this name and do think the company will handsomely reward shareholders - I just believe the odds are against a big and sustained rise in the share price in 2024.
We shall see....