Things will change, but recognize that they could get worse instead of better.
The current situation for SA may not even be fully reflected by the recent price drops.
My mother always told me to smile, things could be worse. With SA it appears she was right. I smiled and things got worse.
A. Gold has dropped and it appears the future holds lower prices yet
B. SA only has value if someone intends to build amine
C. Junior miners will only invest with the expectation of a buyout from the big miners
D. Big miners profits are disappearing.
E. The future of SA looks grim and that is reflected in the stock price.
When this gets back to the 2-3 range it. Might be worth another long investment.
Perhaps, but that broken clock has been right twice a day (2-3 time a year really) for the past 4 years since this was near 32
Do you mean the one that suggested that SA was headed for new lows several months ago when SA was nearly twice the price it is today?
Bleming was a prescient person - hope some people here took his advice.
I'm a professional - and here is a NPV calculation. Not an estimate, but reality. Gold is at 1200 and the NPV of KSM and Courageous lake is 285 Million.
Anything above that right now is wishful thinking - aka hype, the one product that SA actually produces.
You could also look back 5 years to realize that this has had progressively lower highs and lower lows - with very few breaks (late Nov '13 through June 14 was basically flat).