Can anyone comment on why the decline was so much more severe than other minors this past year?
massive reserves and high debt load makes ANV stock price highly levered with regards to gold prices and expectations (relative to other miners). And gold fell quite a bit.
Not to mention the milling delays and other issues (would be nice to hear some positive commentary from management)
Why don't you look at what happened to Gold price and the EPS estimate of ANV ... the answer is right in front of your eyes ...
Well.. Some large entity probably smarter than most posters here with huge amount of resources decided to go in at $10.75.. Short term fear and panic will knock a stock to the ground. Long term view is the way to go here.
Also, this is a small company. Stock price is easily being manipulated by big money, pushed all the way down to its book value.