St Andrew Goldfields Ord STADF

Long term hold

[kingscorpion]

Prested SAS is a long term play for me because, it is a producer and as a producer it will continually increase it's production either organicaly or by M&A or both Personally i wont sell my stake before it reaches $1.50 At that price with current production and POG It's P/E will be around 25.
Right now however, it's P/E is about 6 which is considered very cheap and as such a perfect take out candidate  as well.

[Goldcross]

This post has been removed in accordance with Community Policy

[redfox]

did you stop and question why this is trading where it is; past share price history; production; share issuance and consolidations; the number of press releases that have been put out; the "share price about to explode" sillyness? If you have and you still come to the conclusion that this is going to trade at 10 times where it is now (and remember gold price is still strong) then you