results I just bought into perseus. seen on bnn being a top pick and/or recommended much higher than this and even when it was trading 2.20 to 3 when it was recommended, they believed there was big upside and a takeover candidate. I definately think at these levels, it is a great risk/reward opportunity. If they can execute relatively well in the next year, I see this at a 4 dollar stock. possibly more if gold prices can get to that 1800-2000 dollar level. I really like the confidence and execution that the CEO has in his past. I like his confidence going forward and improvements on margins that they plan to do. I really like him talking dividens. It tells me, the CEO really believes that it is inevitable that the sisingu mine will go, and the edikan mine will improve its margins. I think problems will be behind us, and this company is going to grow its cash flow considerably in the shot to med to long term. They have tons of good high grade projects coming up. I see this as a HOT takeover target. It probably is top 3 in africa if not better. If it was in better duristictions in africa, it probably would have already been taken over. I believe that once the Edikan mine is back to normal, production is increased and margins increase, while sisingu is up and running and producing and things are going well there, while upgrading and expanding reserves, we could see a 10 dollar stock in a couple of years. I believe that this will be the time they will most likely be taken out. After the cote divoir issues are forsure behind them, reserves are expanded significantly, the mines are extremely profitable and their next 2 projects are being worked on. (in 1.5-2years). Just my take. We will see where this goes but i'm here for the short, med and long term.
GOOD LUCK