Recent share priceis almost meaningless unless you need to sell soon or are still accumulating (basically true with all stocks)
That being said I would think many long time longs are frustrated with the share price. I suppose I am more frustrated with gold bullion, I keep reading predictions (and whispers) of a pending and a sudden "GAP UP" that will crack $1000/ounce then a violent and sustainable jump to $1200 or $1300. Yesterday gold was down $23 or so and the general feeling was that it was because the IMF announced that they would sell 403 tons of gold ........ I say "BIG frigging Deal?" and Jim Sinclair agrees with me. Sinclair calculates that 403 tons of gold is = to about 12.9 million ounces. Here is what Sinclair has to say about the sale of 12.9 million ounces:
"12.9 million ounces of gold at $906 per ounce, as I write, is slightly less than $12.4 billion. The Chinese would buy $12.4 billion in gold with a telephone call."
"Central banks would be willing to buy twice or even ten times that amount."
and let's put this $12.4 billion dollars in perspective to the big picture at the IMF
Yesterday’s measures are the latest evidence of the IMF’s growing role. Mexico this week said it would seek a $48 billion line of credit from the IMF.
In the past six months, the fund has approved $16.4 billion for Ukraine, $15.7 billion for Hungary, $10.4 billion for Latvia, $2.5 billion for Belarus, $2.1 billion for Iceland, $7.6 billion for Pakistan and $516 million for Serbia. Turkey is negotiating an IMF loan accord, and Romania has expressed an interest in borrowing.
If this so called "gap up" comes to past and Gold heads significantly higher, all this BS with the IMF and lots of other background noise will be meaningless. In the meantime, hopefully the prefeasibilty returns favourable results ................ otherwise .................. we are ................... (you know).
Regards, a frustrated but still optimistic (and very much StayingLong), SL