Some thoughts about the upsideIt will take time and some positive news for the stock to move in the right direction; however, this stock is likely to trade at $2.80 and higher ($3.70?) within the next six to eight months. That's my take. If I didn't believe that is possible, I would bail out like others are doing right now.
I don't blame anyone for bailing out of the Queenstake mess, but why sell low? Many times, big money is made by investors after some type of 'restructuring'. Recent examples are Air Canada and Stelco.