Tax loss selling and January effectSeems to me that, while 1st quarter were disappointing, the 50% might and is probably an over reaction fitting very well with tax loss selling season scenario. After all, looking at the chart, with the exception of the warrants, most if not all of the 2024 investors are under water.
Seems to me that with the January effect coming our way, this set up looks pretty good for a bump in the share price. I would not expect a huge bump but the 50 or even the low 60s are possible. On the flip side, Xtract is still valued at close to CAD $100M.
This being said, still hold all my warrants waiting for One hitting the market.
GLTA