RE: Someone Might...POG will very likely go to $1200 and beyond. But, that doesn't make this a good spec., on account of poor management.
A better management team would not have shutdown the mill, which was the only source of revenues. No revenue means that there is no chance of generating profit, even at $1200 POG.
So far, they lost $98 million this year. How much more money can the company afford to lose before it goes bankrupt. Mind you, that is the last thing I would like to see happen. I wish things were different, but they are not.
No one who has been watching this company for a while should put any faith in the current management team. All they do is spin stories, and right now it's very difficult even for them to spin a good story here.
They need to try and be effective in running a profitable business, but it's obvious that that's really not their strength.
Mr. Oxner, the CFO (who has since left), cashed in his options and sold all the shares at $1.77, back in April. That was the last insider trade...how lovely.
And, why aren't the current insiders buying up shares at 3.5 cents. If they don't have any faith in the company, why should anyone else.