I have been in this stock for a few months now. I am a long time holder of SLW. I wanted to get a junior stock, so AUNFF seemed like a good choice. There have been several informative posts here lately, and I appreciate all the information. It is fun to project (guess) what the stock price will be at a point in time. My guess at the end of the year is $1.85. The one thing going against this stock is the number of shares outstanding and the potential for a whole lot more. There has been talk about the company doing a reverse split, but I am not in favor of that. It usually never works. A better way is a stock buyback. They could use the windfall from the open pit to finance the buyback.
Another way to use this windfall would be to buy up additional acreage around the existing holdings. Seems like there is more potential for additional exploration and production.
All in all, I am glad I have added this stock to my holdings. I am like another holder stated, I am adding on the dips.
Agreed - I think when you look at the huge short on GORO and the growing production and dividend...it will not be long before GORO blow wide open. 4.4M shares short with only about 15M in active trade. With a 2.8% div that is growing...how much longer can shortie hold out?
This could help trigger - money printing. Where are all of these bankrupt/near bankrupt countries going to get this coin? Ans: Print it.
Wall Street Week Ahead: Spain aid deal calms Europe fears By Angela Moon | Reuters – 1 hr 49 mins ago Email 6 Print RELATED CONTENT
Traders work on the floor of the … NEW YORK (Reuters) - U.S. stocks will get a lift on Monday after euro zone finance ministers agreed to lend Spain up to 100 billion euros ($125 billion) to help its battered banks. The surprisingly large amount of aid removes a huge cloud that has been hanging over financial markets, with investors fearing that a banking crisis in euro zone's fourth-largest economy could have compounded the currency bloc's troubles with Greece. Though the exact amount to be lent will be decided in just over a week, striking a deal now means Spain has added support in case Greece's June 17 elections throw financial markets into a tailspin. "This is a major step in avoiding a contagion," said Tim Speiss, partner-in-charge of EisnerAmper's Personal Wealth Advisors Group in New York. "The amount is pretty high, higher-than-expected. Although we need to get more details, at least for equity markets in the U.S. and around the world, this definitely eases short-term fears," Speiss said. U.S. stocks are coming off their best week of 2012, in large part due to expectations that something would be done for Spain's banks. After a 2-1/2-hour conference call of the 17 finance ministers, which several sources described as heated, the Eurogroup and Madrid said the amount of the bailout would be sufficiently large to banish any doubts. For Wall Street, anything that diminishes fears over Europe is welcome news. The broad S&P 500 index fell 6.3 percent in May, its largest percentage drop since September, as the euro zone debt crisis worsened in the wake of Greek elections that produced a hung parliament. In the first Greek poll, a large number of voters voted for parties opposed to the country's international bailout. The re-run of Greek elections on June 17 could decide whether the country stays in the euro zone. "It's good that the news of the aid come ahead of the Greek elections. There has already been a lot of volatility in the market associated with it (the elections), so it's a good way to calm the sentiment until we get the elections out of the way," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York. In other parts of the world, news was not as good. Data showed China's inflation dipped to a two-year low in May while economic activity remained weak. This reinforced expectations that further policy easing could be in the pipeline to head off a sharper slowdown in the world's second-largest economy. However, the data released by the National Bureau of Statistics on Saturday was not as grim as the market had feared after China's surprising interest rate cut this week - the first since the depths of the 2008/09 global crisis. But the numbers still suggested economic activity remains sluggish in China. There were also concerns that while the economy may stabilize with stimulus measures, growth could slow down further.
Thanks for the welcome. I will check out stockhouse. With this being a small company, there are not a lot of news stories out there yet. It is great to have something in our own back yard. Presido used to be known for the highest temperatures in Texas, now we have something else that is hot.