Do they buy, sell or hold? For the same amount of money as the last stock issuance, they could now buy half the company.
I'm sure they could find a lender, even one of the shareholders, willing to lend them at reate lower than 8.5%. This is a free market. Current rate for mortgage is less than 3%. Why are they still paying such high rates. Totally insane. As soon as news comes that they have restructured their debt, the price will jump to $6. So I'm assuming that restructuring is in the works as we speak, unless management is complete idiot.
They are paying high interest rates on their debt. if someone with cash can buy this company and eliminate the debt, the assets themselves would more than pay for the buyout. There is net assets of over $700 million. They need to either refinance at a lower interest rate or find a white knight.
Once debt ceiling raise is approved, gold will go up. More debt means that there will need to be more money printed, leading to devaluation of the dollar in the long term. Whoever is pushing gold down is manipulating it. Asia knows what is going on. They are buying physical gold because they know its value. They will not be able to buy any cheaper because cost of producing gold is continuing to go up, not down. Second, there is limited supply of "easy" gold. Miners need to dig deeper and deeper for lower grade gold deposits, which leadso higher cost and lower supply. Don't be fools. Just hold. Don't sell out too cheap.
while smart Asians with their trillions in foreign reserves are continuing to suck up all the gold. Soon the west will have no gold and Asia will have all the gold. Then, dollar will plummet and crash. Who do you think got a better deal out of today's gold transaction. The west is selling gold too cheap to the East. Once the west realize that this is bad deal, it will all be too late. All of the gold, gold miners companies, etc. , other metals and resources, will all be owned by Asia. That is why I think Asians will own the west in the next few centuries.
The govt will just have to default on its debt, leading to the crash of the global economies. Sad, really sad. Sorry I had to bring this terrible news.
One minute gold is taking a beating, the next minutes it making huge gains, much like a wrestling rigged wrestling match where a wrestler can turn the tide from losing to ultimate victory in seconds.
I disagree. I think the shorts covered around 5. Yesterday was the classic short squeeze. Everyone knows that. My feeling is that we finally rid most of the shorts. In the short term, that may not be good for longs, as there is no longer a short squeeze potential. I think this stock will remain in the 4.40s until end of the year.
They covered most of their shares yesterday at over $4.80. Had they waited a day, they would have been able to cover at much less. Now they ran out of shares to cover. Just another missed opportunity.
I said its the most loved stock TODAY on wall street. Look here. http://finance.yahoo.com/gainers?e=us
The way I calculate loved status is the multiply the percentage gain today by the number of shares. So multiply 26.56% x 15 million shares traded. That far exceed all of the other stocks on the list of top gainers today. So ANV is most loved stock today on wall street.
In stark contrast to last week, when ANV was the most hated stock on Wall Street. Boy what a turnaround.
That explains the spike today. Shorts exiting in droves. They can't take the heat, so they decided to get the hell out of the kitchen. by my calculation, most of the shorts have covered. Very few shorts left now. They covered last week and today is the last hoorah. Hope they buy u.s. debt with the money they made.
Absolutely the most hated stock that is being avoided like a leper. Nobody wants to touch it. Can't find any support. Nobody wants to save ANV. So hated that wall street is just going to let it crash and die. So pityfull.
Even the one-eyed can lead the blind. if you follow another blind, you fall over the cliff like lemmings. Now is the time for the one-eyed to show his/her face and lead us into the promise land.
so that shorts will be able to cover. Remember, its not a crime to treat shorts with courtesy and respect and do them this small favor of allowing them to cover at a decent price. Remember, they are our brothers. If they hit us on one side of the face, we should turn the other cheek so they can hit that side as well.