Post by
Brainwave1 on Jan 22, 2010 3:15pm
Price Targets
The reserves and prospects from nieghbouring projects are good. Originally they were being valued at $18-34/share on Dolores only as recently as end '08. What happened to that?
I'm assuming they don't trade higher because they have had operational problems and haven't met through put targets. They are also a high cost producer with a big debt load and have dilution, the $66m bought deal last year. Their guidance is that the operational problems are meant to be resolved early 2010, and the last results Q3 '09 were a trend line in the right directon. I suppose I will need to wait for Q2 2010 results to see if they are getting to where they need to be before pulling the trigger on this dog. Thoughts and info to the contrary are welcomed.