How frustrated are you getting? I wanted to gauge the level of frustration with AVR over the last couple of months. I personally am really starting to get ticked off now. I was okay before but lately its getting worse. I am tired of all this BS nonsense, of small price movements, up one day then down the next. Other golds have sustained increased of 30% plus during this period and we have gotten nothing.
I started buying AVR at .55 cents a long time back and am pretty happy with the road so far, but much of the gain was a while back now. I think we have a great company here but this is getting ridiculous now. When it was 2+ we had everything going for us, increasing capacity, increasing reserves, potential for new mines in Kofi and Hounde. We were not even overvalued by PE and CF back then, in line with other producers. Now we have a PE of 15 according to Google Finance and 11.5 according to Waterhouse. Compare this to B2 Gold at 30+. B2 Gold is crazy out of line, but I still wish that was us.
I am sure many of you like myself have invested a significant amount of their portfolio in AVR, for me it is 30%. That has been dead money. I will continue to hold AVR as I believe in it, but this BS is annoying. One day up one day down must end. Especially when others have been going up. AVR needs to fight back.
Keep holding: Sorry about the post but I wanted to rant.