Another miner dilutes to clean up the balance sheet. If this (overshoots) to the high 4s; I'll be a buyer again. Short term pain for long term gain. (sorry for the platitude).
I sold a bunch at 1.80. I'm trying to buy those shares back today. We're seeing a discount from the recent share offering ($1.40), so risk/ reward looks favorable. Apparently they're going to expedite the Mt Todd project with the newly acquired funds; including the environmental permitting process. Good luck.
Compared to the rest of this inflated market, miners are still inexpensive; and if you believe we're still in the early stages of this PM bull market; then a moderate sized multple is merited.
Crossing the I's & dotting the T's. Or is it dotting the T's & crossing the I's? or dossing the I's & crotting the T's? Who the heck knows in VZ? ;^P
Hey Stude, I enjoy reading your posts........but with that said; I sold it all today at 0.85. The reported loss & added dilution made me a little apprehensive. I still like the turnaround story here; which is why I'll keep an eye on their progressions. Will try to buy back in after these "summer doldrums" are over. Good luck to you and the rest that are still holding.
Of course, I was speaking "figuratively". Doug should put his foot down, even if its in a professional manner. And I'm sure patience is wearing thin from the bigger investors.
Easily a $2.00 stock. PMs are currently in a secular & cyclical bull market which I believe warrant a conservative 15-20 multiple. Most S/P 500 equities are closing in on a 20 multiple while in a earnings recession.
I still thing POG is going to zero. Did you see that miraculous jobs report?? OMG.......what a recovery!!!!! Bank stocks to ta mooooooooooooooooon!!!!!!!!!!!!!!!!!!!!
I'm actually down to around 40% of the shares I originally started out with. I'll sell a few more if/ when we get to $5. IAG is still a good value; but I always believe you have to sell to lock in some gains. Greed uses to get me slaughtered during my novice yrs. 😉
Think you're off by a dec. point, chief. But still a nice deposit. ;))