The way it was handled caused the selloff to be exaggerated. At least start with a PR to make things as rosy as possible, instead of a mystery selloff in morning, sec filing mid day... This is why companies report premarket or after hours, to avoid a panic during regular trading when nobody has a chance to digest what is happening. Glad I only have a small position, chalk it up
I know. Of course development stage doesn't require revenue to support a high mkt cap. Lots of biotech stocks trade over a billion based on hope alone. But there's a solid record of drug companies making investors rich. Not the same comps to look at here. But the market potential is there
Thanks again to everyone for the good discussion. Gold mines are the classic disaster stock. Following the gold bugs since early 2000's was generally profitable, but that might be a coincidence, because the gold bulls just run the same story over and over.
anyone have thoughts on the new brics bank or any of the forex stuff that's been going on? I've been more interested in deflation than inflation lately.
Jonny, you're not unique in calling a biotech bubble. The Fed chair beat you by some months ;)
I got flamed awhile back for saying 500M was too high a market cap and made this a dangerous buy. In the 200's it's getting realistic. If it gets down to the 100's, which I sort of doubt, it will be a bargain imho. Go ahead and call me a 'soft basher' or whatever. There's just a lot of unknowns, hard to quantify value. No comps. Understand this is my opinion of market perception, not my opinion of the company. I see a lot of potential here.
250M sounds like a huge sum to start a mine. My common sense tells me what they're doing now is not on that scale, but might be able to generate cash flow. Why not, the gold is there
I still support him. Maybe he got a little spoiled during the 3D bubble and thought it will always be so easy. But he's doing a good job far as I can tell. Stock performance right now is not directly related to company performance
You're saying that in a year, #'s are so tight that a 4% swing is significant. Hard to believe
If you post #' for an extended period of time, like months or a year, and this looks significant, that would be great. Really just looks like a small fluctuation by itself
Yeah I actually looked at barrick's #'s a bit. Also some general stuff, probably saw that same page you linked. Apparently no gold mine is ever profitable
It may have been the same report, but the one I saw was dated 2014 I think. It mentioned depressed gold prices so I doubt it was 2012. It said a lower cost method could be used to start production. Seems like that is what they're doing now with the heap leaching... the report also said that updated testing found more gold, which struck me as positive. Why do you think it will be too expensive to extract the gold?
Thanks. Unfortunately this doesn't really tell me much, since I don't know what case 3 is referencing, and the numbers don't match anything I found in the 2014 report. My guess is that much of the initial cost for exploration and testing has already been done. They're building something now, but I think it's a less expensive type of operation meant to start generating cash flow. If I had owned the stock all the way down from 2 or 4 to 0.40 I wouldn't have much hope now. But at this point , if they are about to start producing, I wouldn't think it really goes to zero. I don't want to pass on an opportunity based on 3 year old numbers. Also, 0.80 sounded horrible in 2012 but sounds pretty good right now. But I saw a total of over a million ounces for the whole buckreef mine. Assuming they can extract even a fraction of that it would be worth more than 0.80 I guess.
In the event that this mine does become viable, current stock price could present an opportunity. With all the effort that clearly is being put into informing people here, I hope you could point me in the right direction to check some numbers myself. There's a document on the TRX website dated Feb 2014 which lists amounts of gold per ton and total gold. It looks like a lot of gold to me, and I don't understand why it is said that extraction will be too expensive. Where can I find reasonable estimates for cost of extraction? What is the basis for saying it's not viable? If you are able to provide this information that would be extremely helpful. Thanks, and I apologize for my lack of knowledge, I do not know anything about mining, just trying to educate myself a little.
You think Obama is honest? Cruz reminds me of a used car salesman and he's not qualified to be president based on citizenship. But he's got more integrity than most politicians, not that that is saying much. Luckily, first to declare are usually first to drop out as well.