I was waiting Last time I bought FR I paid $8 and sold at $29 a couple of years ago. I've been waiting to buy again when it falls back to $8. But after seeing the total carnage happening here, maybe I'll wait for $5 or $4.
Below is part of a report from a source I pay attention to
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…has cost the company another U$92.74m over the seven quarters. That means a total Mine Operating Loss of U$129.378m and be clear, all the numbers on this page are not for AG as a whole, this is just Jerritt Canyon. But wait! There’s more! We need to factor in the capex AG has spent on this mine since it took ownership, which looks like this:
Another U$270.562m, which means that when you total it all up we’re just hair’s breadth away from a total loss of U$870m on the deal…so far. Compare that to AG’s market cap at U$1.865Bn this evening, which gives an idea of how much share equity has been flushed down the toilet by this crazy purchase