They need to raise capital in some way shape or form by Jan or Feb 2014 or they will have big problems with gold below 1200.... if they can get cash it is a $7 stock a week after that. Best to just buy upside calls until the cash is raised...
You mean does ANV have a future? Honestly I haven't studied this nearly as well as many, but if gold can hold its ground or at least not drop a ton more it seems highly likely ANV has a strong future. They are sitting on an extremely valuable mine compared to the value of the stock. However, unlocking the potential value is a matter of financing. If gold plummets, money will dry up to finance the required equipment to tap into the resources available and they could be in trouble. If gold holds or rises, I believe something will eventually work out and unlock great value that currently lies buries underground. I am long, I buy more on down days and sell on up days to lower my average cost. I think it is a good time to speculate in ANV.
I bought NUGT and have been doing that. I am holding a lot of NUGT. I have been watching it. ANV seems to be something I am considering. Looking for a place to park my cash. That is all. TY.
These are my current plays:
12/4/2013 11:42 AM Stock: Buy at Market NUGT 4500 $25.82 $19.99 $116,210.44 $1,580,123.32
12/3/2013 11:36 AM Stock: Buy at Market USLV 7500 $44.47 $19.99 $333,544.99 $1,585,246.45
12/3/2013 11:06 AM Stock: Sell at Market UGAZ 26700 $18.10 $19.99 $483,250.01 $1,583,004.54
12/3/2013 10:45 AM Stock: Buy at Market NUGT 5500 $26.02 $19.99 $143,148.69 $1,579,445.28
12/2/2013 10:30 AM Stock: Buy at Limit NUGT 2000 $30.00 $29.45 $29.99 $58,931.99 $1,641,130.97
12/2/2013 10:30 AM Stock: Buy at Limit NUGT 10000 $31.00 $29.45 $29.99 $294,539.99 $1,641,160.96
11/29/2013 11:15 AM Stock: Buy at Market Open USLV 650 $51.18 $19.99 $33,286.99 $1,660,815.92