RE: OX is a PIGI think that OX deserves a lot of criticism but I must say that in all my 20+ years of investing in the precious minerals area, I have never seen producers trading at P/E ratios of 5.0. The norm has been P/E ratios of 20-30X so it's safe to say that gold producers should be trading at least 2-3X todays prices with gold trading at +1200$ per OZ.
https://www.kitco.com/ind/matlack/may252010.html
https://www.kitco.com/ind/matlack/may252010_juniors.html
It's fair to say that if it weren't for the meltdown in Europe and the recession or depression here in North America, OX would be trading comfortably above
.20. The recent positive results should have at least boosted the price to
.24. I think that the European Investors were expecting a real bang for their buck in order to compensate losses elsewhere and when the results were somewhat average, they began to sell out.
In these depressive market conditions, it would take a spectacular find to really lift the price of OX right now. Management could have done better in marketing this Gold Play but there's is little they can do now to boost the price, only spectacular drill results could significantly boost the price right now. So I guess they can continue to do what they've done so well in the past, bury their heads in the dirt and concoct some way to recompense themselves.
Makes you just wish that Osisko would make an offer right now so that we don't have to contend with anymore mistakes that management might do. I think Osisko will be the knight in shining armor. GLTA