Loading ...Gatos
overstated their reserves and got caught.
Gatos disclosed that it has found errors in its 2020 technical report and said it should no longer be relied upon. The company stated that the structures and veins are more complex than modelled, and the size and orientation of the veins are more variable than expected, but did not provide additional detail.
Gatos = Gotcha = Suckers
YIKES
What a joke sector!
Why does Gatos crash have to be called a joke? Or the sector a joke?
In 2021, I saw many junior names which I held for long-term, some over 3 years, and in which I took partial profits (in some cases selling 80-90%) and that made up for my peace of mind and my bottom line in 2021.
AG
AGQ
ANXGF
ASM
CANWF
CCJ
FCUUF
KGC
KNTNF
MAG
MGMLF
NEM
NGD
NMTLF
NSRPF
ROGFF
SVBL
WPM
WWR
That’s quite a long list of jokes, is it not?
GL
https://seekingalpha.com/article/4481808-gatos-silver-an-extreme-overreaction-or-warranted-drop?messageid=2800&utm_campaign=4481808&utm_medium=email&utm_source=seeking_alpha&utm_term=RTA+Article+Smart
Saw => sold