Thought Id drop around and see how things are going not too well based on ASL at 2 I suppose. Is there any hope of a turn around in the near future? With gold in a seasonal downturn maybe they can unwind some of their positions. ASL appears to go down either way though so...
Part of me says that the decent profitable mines (like Geita) will be sold to other companies like Barrick or AngloGold, leaving me holding shares in a two-bit Obuasi mine in Ghana while everyone cleans up.
And another part of me says in about two years I may be vary happy that I lived through this mess and stuck with it.
I feel like I'm playing spin the bottle with a malatov cocktail . . .
back but I dont think anyone can say whether longs will be rewarded. no one wants gold anymore so it seems. its not fashionable. you hung on so long I think you have to see it through to the end. I wonder if the $250M sale will help the share price. When does the sale get announced?