That is the CEO's main function...Growing or adjusting when growing slows. If he made the necessary adjustments and share price is still going south, he failed in doing his job!!!
GGN is doing better because its leveraged. What happens when Gold does run??? Will they be able to dump those leveraged products fast enough. Lots of weird fandango candango puzzles out there that make absolutely NO sense.
If NEM and GOLD were looking for low cost producers making money or close to it, they need not go far. Logically we should be near the bottom. We have been bouncing off theses levels for over a year. Great time for consolidation. Will we see any? That's the $100,000 question!!!
If anyone talks to them ask them why the share price continues to fall even on positive PM processing and improving balance sheet. Why isn't someone buying this gem!!!
Basically even with everything else the balance sheet was 25+ percent increase between 2013 and 2014. They say its only getting better, yet the share price is getting worse.
Operations reports are great, brags about full ownership of mine. WHO REALLY CARES? DO YOU?. We cannot sell a report or land we have no title for, but we can buy and sell shares. Tell us how that is a benefit to the shareholders. Almost all the Miners are doing the same...Great reports, yet share prices continue South. If things were really that good they should be buying stock back, but I rarely see that. All talk and no action. SVLC is near multi-year low. How do you do that making money. FPE is 78 and only down a penny now. It only has 134 million shares. Have you seen the operations support reports. It looks like they should be making $$$ now, yet the selling continues. I asked Fred about a reverse split. It can't hurt. I think that need to take some reverses and buy back stock. If they are telling the truth, there balance sheet should get people buying. With the very low volume it would not take much to get it moving!!!. If it falls below a buck, people may bail on principle.
You would think they would take some of the reserves and buy back shares and show that it is a healthy Miner. Getting near the buck level is not what investors want to see.
I questioned him about Insider buying and also if the grunts are able to purchase shares of SVLC. He said there is no payroll deduction set-up to buy shares. I thought in these times that was unusual. He said the numbers would improve and that shareholders would be pleasantly surprised. I am still waiting. All these small to medium Miners have been a disappointment.
AUY, HL, MUX, and SVLC have all advertised they are low cost producers. The average low cost producer averages $400 oz for Gold and around $11 for silver. My question is why can't any of them show a constant appreciation in there stock price. What does the fluctuation have anything to do with it, if it averages $1200 for Gold and $18 for silver over the last several years. The great Operations report should be the main objective, not the price of Gold or Silver for that day...right?
I just sent a letter to Fred about our concerns. If he does not answer. I will use the chain of command. If that doesn't work...Maybe an audit is is order???
MU has plenty of $$$ for a dividend or buy something like a SWIR or GILT...Really anything that generates revenue even in this market!!!
This drop is due to the slow down issue, which most companies will not be able to get around, but there is no reason at all for MU not selling above 8X. Microsoft is trading at 17X. Its insane that MU is below $30, much less $26 and change. Microsoft would be in the 20's at 8X. They blew away earnings, yet its revenue was not what it was last year, but everyone with a brain knows we are slowing, so what do you hold a heavy 17x MSFT or VERY CHEAP Micron!!!
There is no logic to its ups and downs...so its pretty much a lottery ticket also unless you bail as soon as you figure out there sham of the day!!!