GREY:GRFJF - Post by User
Comment by
SkyeCairnson May 16, 2008 10:51am
238 Views
Post# 15081421
RE: This stock is getting me down!!!
RE: This stock is getting me down!!!RE: This stock is getting me down!!!
"they should show some BALLS and buy some stock to show us the retail, etc, that they beleieve in their own story. "
Mangagement ARE large shareholders in this company so as the stock has tanked big time so has Management's share. Until Management can show the street that its production is at levels they had forecasted I don't think the stock price is going to see the levels we saw pre-March 08. If they can have production levels for the 2nd quarter at the high end of their forecast (eg. 30k oz) and if POG remains in the low 900's then we should have half decent eps for the 2nd quarter (e.g eps of .06-.08) and this should spark some interest / price movement. If then the forecast for the second half is line with their full year forecast for production (135-145k), costs under control (470-490 per oz) then we should be ok by the fall.
I think the stock price is more dependent on the production levels and cost of production then the POG.
I am Long. I have been burnt but WTF see you in September.