Post by
TedOwens on Sep 24, 2014 3:45pm
St. Andrew regresses to 26 cents.......
St. Andrew appears to be being punished more than what it should be and the intrinsics behind the decline are clearly more than just market sentiments towards junior gold's........St. Andrew will be a steady player no doubt for some time to come but in order for it to break out of the retiree investment focus will require some major advances in its capacity to either increase production levels past the 100,000 ounce club or more importantly, to demonstrate that its favorable land position can be taken advantage of with some spectacular returns on the exploration side. With the company sliding back to 26 cents on low volume after the release of some decent exploratory drilling returns clearly suggests that some bigger returns are going to be needed in order for the speculation component to be factored into its pricing moving forward. If the stock goes any lower it will increase the take-over factor exponentially which may be a blessing in disguise