Time to consider buying in?It's incredible how many undervalued plays are near or setting 5 year old lows - never mind 52 weeks! It sure is tempting to jump in, but how low can it go restrains me from getting too hasty. I put in some stink bids - one is for 60000 shares of ATC at .50 - you never know these days!
I've been in and out of ATC the last few years and I stil pay it close attention because I have a small core since 2009. I know everybody is down on management and their lack of sp news, but its pretty much everywhere! Even good drill results dont seem to spike the sp much these days - so Im with management here! Cut drilling costs and focus more on exploration till some excitement returns.
When ATC's sp spiked, it was based on very good drill results and the comparison to the 100 million oz Carlin Trend. Nothing has changed so far to refute such, but with the excitement gone from this sector, investors want to see a resource estimate instead of a blue sky theory.
Hower when the excitement does return to this sector, it wont take too many positive news releases for ATC to show up on most radars. The investors who have some fire power left to spread out on some mid tier gold and silver producers and quality juniors will definitely be in the money in the next couple of years. IMO ATC will break it's peak sp, it might take 2-3 years but close to these prices it's a huge payout! There's so many good deals in the beaten down resource sector that it could take is just 1 play out of 4 to greatly ease the beating most have endured during the last 3 years.
Cheers to all and GLTA!