GREY:AVGCF - Post by User
Comment by
AdamJTon Apr 10, 2012 2:06pm
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Post# 19776854
RE: RE: RE: RE: RE: Management Is Being Smart
RE: RE: RE: RE: RE: Management Is Being Smart Listen a year from now this company should be higher no doubt but, to say it's smooth sailing and to make claims that the management is somehow doing things in a specific way but that they will do better is ludicris. While I do the same as you and watch a company for sometime there is no way I would claim to know as much as someone who has been holding that company for years and is familiar with it's performance in the market plus the performance of it's management. I'm not asking you to agree with me but, don't discount the amount of knowledge of most of the longs here.
I know my DD and I also no that inducing small investors to come in with some wildly unsubstantiated claims serves no benefit to them or myself. Do I think this company is going to be worth more in a year or two? Definitely. However the road it takes to get there isn't going to be one straight up line.
Frankly, I saw cash issues end of last year across the sector. However, the CEO went out and did interviews saying they had $20 million in cash. Come February they started negotiating the gold hedge. To some investors that would be a flag but, to me it's prudent management. I'd rather have a hedge than needing to go to market at this time.