All this noise. So the stock is down a bit. Most of the gold miners are down today. Volatility is not uncommon in miners especially in smaller mining companies. We are not much more than a junior miner at this point.
These kind of stocks go up and down 10-15% all the time. If you are not comfortable with this kind of volatility than invest in another sector. If you are comfortable with volatility and believe in the fundamentals of the company and the future price of gold than look and these drops as possible buying opportunity.
bought some block of shares at $6.99 looking for upside to $10..
i do not expect gold price to drop much based on the uncertainty in growth, fiat currencies and unrest in middle east What else will you invest? Base material, Oil and Gas are too tied to international growth The only thing worth investing is GLD.. and/or Gld miner with proven reserve and reasonable low cost producer.. hope I am right
Good post....It was the same panic attitude when RIC was about $5 and some investment fund unloaded their position and the stock dropped briefly...Many on the message board were in panic thinking that the fund "knew" something...Turns out, good news was on the way, earnings were spectacular and soon this thing went up to $10...Another thing, some folks just do not understand that when RIC drops, usually the entire sector is dropping as is the case with most stocks in general...Instead they think that there's "something wrong" with RIC when it's just completely normal market ebb and flow.