Post by
templetooth2 on Jul 29, 2023 4:34pm
Artemis moves.
Congrats to Angelique - very nicely done. I couldn't have done that. Just way too gutsy for my GI tract.
Hard to tell what gold stock Angelique likes, if any. A quick glance at recent history shows mostly negative comments on SKE, IAU, and something called Maple Gold (MGM). But that's her business, whether she chooses to share what she's positive about.
Speaking of getting in or out, I just got in late this week at $5.05. Hope to buy more later. This stock was on my dim radar screen for 6 months or more, but I got lulled to sleep. I was really annoyed with myself when ARTG ran up to $5.70 in a big hurry. I think, looking for a reason, the market is waking up to the July 4 RBC research report with $9 target. That's a realistic number for a one year-15 month target.
All too often, these analysts publish a silly target price. Like $16 for Skeena. I believe the analyst community computes a NAV for 2027 and then discounts that by 5% per year. Markets don't work that way. With SKE, every investor on the planet knows that a major castration event is coming with the next equity raise. A $16 target is about as realistic as $0.25. But I digress, as usual.
Back to Artemis, I think the upslope of the Lassonde curve is just starting. Notice it's called a Curve; not the Lassonde Cliff. The analysts would have you believe the stock price is going to rocket up to NAV5%, then kinda flatline for 4 years. No.