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EarthLabs Inc V.SPOT

Alternate Symbol(s):  SPOFF

EarthLabs Inc. is a Canada-based mining investment, technology, and media company. It provides strategic leverage to the metals and mining sector through investments, royalties and a full suite of data-driven media software-as-a-service (SaaS) tools and services, including CEO.CA, The Northern Miner, MINING.COM, and Canadian Mining Journal. The Company’s Financial Technology Division (FTD) business vertical includes CEO.CA Technologies Ltd. (CEO.CA), EarthLabs Media Inc. (ELM), and the Company’s investment portfolio. Through FTD, the Company offers a wide range of cloud-based, interoperable Web applications. CEO.CA is a social network for investors and traders in junior resource and venture stocks with online and mobile functionality. CEO.CA is visited by millions of users each year from over 164 countries. CEO.CA offers a monthly premium service known as CEO.CA PRO for real-time stock price monitoring and live market depth.


TSXV:SPOT - Post by User

Post by BCdudeon Sep 29, 2021 2:11pm
214 Views
Post# 33937773

Price is not Value

Price is not ValueHard to believe the share price has hit $0.75. I thought support at $0.80 would hold, so hopefully this rebounds quickly above that level. There seems to be a committed seller in the mix.

Having said that, on days like this it pays to remember that price is not the same thing as value. Those buying today are getting shares for signifiantly less than Eric Sprott earlier this spring, when he bought a large sum of shares at $0.97.

It's true that the portfolio value of SPOT has taken a hit with the slide in share price of NFG and other holdings, but this is also a buying opportunity for them. They will undoubtedly use these low prices to invest in other promising explorers, as the news flow has recently suggested, so will continue to grow the portfolio as they attract new business to the consultancy.

We should also receive news in the near-term about how they plan to roll out SaaS revenue for their software products.

It's possible we haven't seen the bottom, but I see this as a short-term hiccup. Nothing more. With plenty of cash and expenses (mostly) covered by consulting revenue, they have time on their side.

GLTA



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