Talking broader, there does seem to be a need to have some consolidation in this industry. It would be interesting to see what governments, if any, would need to approve as most work is offshore and companies not all U.S based.
price for 2014 to model earnings and determine PT. At some point this has to go up and I think new average will be around 1375 or so. Don't see reason to fall back below 1300 regardless of GS moron call . SA is basically taking steps to shut down their production between gov new "take" rules and the unions. China has enough dollars and little people esp. in Asia like physical gold which GS does not understand yet.
The shift comes with notable increases to gold and silver price forecasts: Nomura now expects gold to sell for $1,335 this year and $1,460 next, up from $1,138 and $1,200, respectively. The firm’s silver view went to $21.52, from $16.25
I am holding as see this stock back to 14-17 next 2 years. Even at 1300, many south african miners are losing money and you will see production there dropping quickly. They also have nut unions that do not understand capitalism .
Finally, they specifically mentioned Japanese interest in their products. I have Japanese heritage friend and few here really know the animosity between Japan and China. Japan will may more for U.S product if can avoid china.
too early to say if business model will be successful or not, too many unknowns, mostly market demand / price and China unknown and ramp up but ramp to me seems to be back on track for this year. Like strategy for vertical integration for higher value end products a d potential for sorbex.See nothing driving price up or down in near term. Should get better picture 2 Q from now. My guess is this will be $3.50-$4 stock in June of next year OR 7.50 to $8 if get some breaks and market prices firm. Risk/Reward right now tells me to hold what I have.
but keeps price target of $59. That seems like buy to me. Buffet said looking to buy some more companies, believe this would fit his target range . Can see him easily paying $65 for company.
after forming base around 1315. Investors waking up to fact physical gold moving east and even up to $1500 many mines will be shutting down, esp in SA. Also, China no longer buying so many US treasuries, not good for $$$ esp as we can't control entitlement spending.
then you should sell your house, your child's college fund and sell short or buy lots of puts. Of course you will be broke as the cycle is up now. Good luck.
more than your allowance allows. Maybe you can buy some of those gold foil wrapped chocolate coins I remember from my younger days but now dating myself.