Thursday, March 17, 2022 5:26:28 PM
before dropping it to CS1.28. For whatever reason, shares became trading at (relatively) high pps and I sold mine (chickenned out to be honest) at C$ 0,91
Then came the news and the market sold, out of control, taking our pps down to C$ 0,45 on an extremely high (relatively) volume.
At $0,46, I bought back twice as many shares as I previously had, understanding that even if the company rides a tough time, they took appropriate actions to reestablished a better base from where to go from.
Following the news, Morningstar reduced it estimated fair value to C$1.12 (12,5% lower than the estimated fair value right before the news). On the otherhand, the market sold in panic at The original value of the stock (June 18 2020) a drop of 50%.
Looking forward to the next financials filings but, I somehow belive the market value of the company to be higher than the current market cap of about C$ 50M.
Let's see what's ahead and GLTA
Patiently,
Roger
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