What a joke...this issue will go up 400% easy if they can cut cost and make a profit at current Gold prices. So ridiculous that shorts can have their way with this stock.
Sure would be nice to see it get back to $1200. Not impossible. It would sure shut up the "experts" that have been blasting Gold relentlessly for about a month.
is bashing gold. Gold hasn't hit it's bottom, PM miners haven't hit their bottom...the sky is falling, the sky is falling, Gee, so AUY is down 80% in less than a year, apparently that's nothing...after all the US economy is doing so awesome, wages flat, consumer spending down, housing market slowing, consumer prices increasing, health care spending taking a bigger bite out of everyone's income, world economy in the toilet, ect.. I don't see the Fed raising rates this year....they won't want to throw a wet blanket on a weak economy. Gold will come back into favor as a safe haven. It should be interesting..
Time for some safe haven buying activity. Gold might see some interest this qtr or next.
Not a bad time to bottom fish. Miner drops have way out-paced the PM drop. Looking for a nice bounce soon... Picked up another chunk of shares last Friday at $2.01.
Thanks dude. I'm going to smoke another doobie now.
In the meanwhile shorts should get squeezed nicely when AUY pops...could run north quite steeply even this week. Far out man,
Must be nice to just keep trading a stock into the ground with no limitations. At $1300 per gold prices, AUY was at $9 plus, gold drops roughly $200 and AUY loses almost 80% of its market value. That's crazy. Well the market indices are getting slaughtered right now so it's just a matter before equity dollars start flowing into safe havens. Gold will rise and AUY will rocket upward. I personally don't think it's that far off... In the meanwhile, energy and labor costs for AUY should be dropping nicely so that should help on the margins...Marrone said as much in a recent interview. Should be an interesting release on Thursday.
Still can't wait to buy out this company when it's at $.0000001 per share. It's gonna be sweet.
at these levels. The loss in production will eventually boost the gold prices. Just a waiting game. Gonna buy in the next week or so...just trying to time it out right. Good buying opportunity.
Now we're only twenty day from going out of existence at this pace... Nice job Marrone, you sure know how to bolster confidence.
and then it's all over. At 10 cents a day that's only 25 days of trading. Can't wait, I'm doing a hostile take over of all shares when it drops to .00001 cents a share.
I'm right with yah... I should have sold on the first sucky drop 6 mths ago but now I'm too proud to take this huge digger. I'd be so embarrassed if I were the CEO to just sit on the sidelines and watch the market capitalization just evaporate. I realize you can't respond to every dip in pps...but my gosh this has been dropping like a rock for a LONG time and Marrone says nothing and does nothing. That's not someone who is looking out for the shareholders....OR, it is some one letting the shorters have a field day.
Just think.....like $7 billion down in market value in less than a year....and not a peep from the CEO...wow!
I suppose everyone is anticipating a disappointing earnings release...but man, this baby is in a serious nose dive that is way disproportionate with the drop in Gold prices. Why the heck isn't Marrone speaking up...my gosh outside of last qtrs financial CC, there hasn't been any corporate news in 3mths....that's pathetic.
This really is a joke. I guess we'll have to wait for the next housing crash. It shouldn't be too far off..
Enjoy in the meanwhile
It's been on a good 6 yr roll, but it will flatten soon and then slip again...it's inevitable. Gold is set to rise, no doubt. The Greece and Puerto Rico debt crisis is just a start.
you can always count on the market coming through in the end. Looking forward to the 3% loss tomorrow. Have no fear, non producing companies like Facebook and so many .coms are making money...that's the main thing. The crash is coming...just have to wait it out.
I always think better news comes out early in the week and bad news later. I hope to heck they aren't taking another impairment. Don't know how much more devaluation we can take.