Market Turmoil...Opportunity...I have mentioned in my postings that at the time of such I have not made a purchase to date and that still holds true today.
Patience has paid off...to be sure! I have followed the story very closely and I cannot believe where the share price is today. In my opinion it is the low float retail market that is selling...the major holders are very, very strong along with the holdings of management. Volumes are low...very tight float all in all.
CEO George Ogilvie holds 2.8 million dollars of shares with an average cost of $2.48. Their latest financing was done at $2.00...we are now at $1.60...Wow!
A Pre-Feasibility Study will be released soon...followed by a bankable Feasibilty Study in the first quarter of 2023...the latter most important to the market..this will lead to financing and further start of construction...production to follow some 18 months later...very nice!
I will continue to follow the story closely...we might get this gem at even a lower price due to market volatility...nervous investors tend to make bad decisions.
Let us See!
All the Best!
Digger0144
P.S. It is important to remember that stocks will move long before a
recession is confirmed...very difficult to pick the bottom of a
stock...I will begin to buy in the coming months.