RE: bought another 10,000 at .89I had to buy a bunch more at .90. The price of this stock is a JOKE. You will be hard pressed to find such a discounted situation anywhere.IMO
The operating costs should come down as stated, and potentialy we will see increased reserves.
The risks here are whether the deals go through at the terms previously stated and whether managment is able to accurately forcast, actually manage the operations, and project the potential moving forward. To date its a poor ability to do that, and a low price.
I think they should bring in top notch investor relations people, as to date this area seems very weak to me. As well, if the deals go through and the large investors believe in this management, it will be interesting to see. If they do, then they must see SOMETHING!
Panic is where money is made, and the bottoms are VERY hard to pick. Gold and silver could rocket just as fast as they come off the spike. However if you look at the long term charts, 5-10 years, you will see the spikes and the long term trend line. The trend is well in tact.
This will definitely be an interesting period over the nex 6 months for the world economy, inflation, politics and everything else people watch. We are at the inflection point in my opinion over this 6 months. The long term story is unfolding. I see it as inflationary, the U.S dollar has its little run and fades again. But it may be a race down WITH the Euro and not against it, as inflation picks up.
Gold I think moves up in this same period. Of course, nothing is for certain, these are crazy times. But that is the game at this point in time. You either stand aside, or you take your positions. I picked up over 50K more shares, and am looking forward to the next while.