I agree.. Just another left for dead company that will make a come back.. seen this happen so many times with companies with even more debt and less cash.. The usual short leeches out in force working the Yahoo MB..
nothing unusual going on just recouping a fraction of its PPS.. still has a lot more recouping especially if Gold continues to climb a little..
Perfect storm to start accumulating.. Nothing but negative media coverage also.. seen this happen some many times with left for dead companies before a run up..
Buying more today... not worried.. With or without John Chen/Perma cash and assets worth more than $5.. PPS means very little only an buying opportunity.. Panic, fear and shorts are giving me a buying opportunity.. I willing to risk some speculative capital here..
Taper talk has unwarrantably taken Mreits and Miners to levels that we haven't seen in many years.. Been slowly selling my high flyers for these mutli year lows beaten to death sectors as a contrarian play... Good Luck!...
I want to see Gold stabilize to the point that Dundee Securities gets back the bought deal equity financing price of $10.75... It could very well happen.. Did the issues that created $1900 Gold magically disappear? or swept under the rug by "honest and competent politicians and the media?.. Euro-trash completely of the woods? Central Banks quit printing money? Time will tell the reality of it all..
Unfortunately I didn't buy these trusts to be used as an options trading vehicle. As far as breakeven that will be almost impossible for me and most other longs. Although I was late in doing so I sold all my SDT for a decent loss and it was a smart move. I am adding to SDR and PER as I believe they have a bit of a rebound left in them; however, in the long term it will deplete.. Lesson learned here.
"BAC and Citi got it in 2009...and they had strong balance sheets!"
Oh Lord... that was the funniest thing I've in a long time!!!!
"When the money runs down, they are done."
Ok when? Once again simple question.. approx when are they going to default on a debt payment?????
If gold creeps higher for awhile it should blow pass $5.50, however I understand your concern. I'm holding out for $12.. If gold stays above $1500 next year then all bets are off..
I've been long too long.. I'm hoping TPG is quiet because of a imminent M&A(wishful thinking).. If I have to wait for a tortuous turnaround then so be it because I'm not selling in the $5's, actually I will add in the mid $4's if this brutal market that is plaguing SD takes it there.. Just sell the whole company and take us out of our misery.. Who would trust or invest in any kind of spin in the GOM when SD screwed investors with those toxic trusts even though TW is no longer involved.. I'm sure I'm not the only long term long that had enough of this brutal wait.
ANR is helping my portfolio today rather than a O&G play such as SD.. Funny how everyone associates SD's woes to NatGas as it's making new recent highs.. go figure.. Valuations shows its true colors as soon as an asset get sold..
a 20% uptick in one day is great for a day trader; however, selling in the $7's is giving your company away.. I may consider a new 52 week high before I consider selling.. Seems that the market wants to take NtaGas higher.. coal is still the #1 resource for power generation in the entire globe, Met coal will also help matters.