Post by
bluemoons20 on Jun 03, 2023 8:40am
Share Price
Understand the longterm plan is to get money from the two projects and try to fund exploration.
seems that management is concentrating on other projects with other companies and just leaving XGC. Not much strength on the buy side but lots of people seemingly tired of waiting by selling (or trying to)
Seem to recall an interview that reflected that exploration (on a property that has been touted to have a lot of veins of gold identified) will not likely even be thought about until 2024. So another 6 to 9 months wait.
Recall some hopeful comments that when permits start to come price should jump to 0.20. So far that is a long way from reality.
This looks like a situation where insiders will see the cash flow and then roll the stock back and buy control at cheap prices.
Hope i did not make a mistake with thos one but does not look good for anytime soon.
GLTA
Comment by
bonsai2 on Jun 04, 2023 11:01am
It's true, not many people are currently buying.. but hopefully this will change within the next months. Xali is valued at about eight Mio CAD and their properties are promissing a lucky discovery. The share price could easily be 10-20 cents imo.
Comment by
bluemoons20 on Jun 08, 2023 3:16pm
Yes. But I hope your price estimate is not accurate. with all the wait and uncertainty , 5 cents to 20 cents is a pretty lousy return imo. GLTA
Comment by
bonsai2 on Jun 10, 2023 6:53am
To me xgc looks like a bargain at these prices. Below 15 cents it's cheap considering their properties. If we are lucky and El Oro and El Dorado get developed the price can go much higher. But you never know and there is always a risk with explorers. But i have a believe it can work out fine