TSXV:AUN.H - Post by User
Comment by
billioncubicfton Feb 22, 2013 4:28pm
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Post# 21030870
RE: RE: RE: shame on those who can't see this is m
RE: RE: RE: shame on those who can't see this is m Lord some of you guys need experience. IT IS NOT ABOUT NUMBERS ALL THE TIME.
There are psychological price points where stocks lose momentum due to perception of the price. The market will not move it from $5 to $40 as easily as $.70 to $5.60. Just as some investors avoid the penny stocks, other investors look the other way when prices are too high. If Great Panther had 8x times their production couple years ago ... they would not have had 8x the share price that they eventually made it to. Just the way things go.
IT SHOULD BE VERY OBVIOUS BY LOOKING AT AURCANA THAT OZ IN THE GROUND AND CURRENT PRODUCTION are only part of what drives share price.
I was also referring to to potential market cap 24 months from now with the mines at full production. .. which is a major guessing game with Lenic. Keep up to the conversation Sandal or just go have another cerveza.