Post by
lumpy13 on Jul 12, 2024 5:36pm
AOT is a disappointment
Been in AOT for around 4 years and watch it (allegedly) progress from development to mine construction to gold production. I thought there would be a gradual, signficant upward trend in the price. I even met mgmt last year and bought into their story. Instead, the stock price has had a gradual, signficant downward trend.
Honestly, I don't understand why but there are clearly knowledgeable investors betting against the company. There are those who subscribe to the PPs, get shares at below market, dump them, and then just sit back with their free warrants. But there are also that questions AOT's mgmt to successfully run the mine and produce gold, exacerbated by the mineralogy of the ore and the challenge/cost of extracting gold.
At this point the market has little confidence in mgmt and mgmt is doing a horrible job getting out their story more and responding to those critical of the company.
Honestly, at this point I'm not sure whom to believe.