RE: manipulationI kind of hope it stays here at the dime level. I still see this thing at the 50 cent-1 dollar range before or shortly after the hedge lifts. I'd like to build up to a half million shares or better. Everything else is on fire, so there should be lots of profits out there for people to roll into undervalued plays. Considering small patches of moose pasture have larger market caps than SAM, at this pace there won't be ANYTHING cheaper than us soon.
I don't really believe in manipulation. I believe that we have virtually NO chance of anything exciting happening between now and 2013, so people have put their money elsewhere. The question is, how long will people be willing to put off getting back in? At what point is survival seen as inevitable? Surely even if they continue at this pace and run out of cash, someone will be willing to finance a little to get them by until the cashflow is all ours. I think there's a lot of people who know that in two years time, this tiny mine will be making enough cashflow to allow them to finance their own exploration/property aquisitions to give us a chance to grow and become more exciting.
Even at 20,000 ounces per year, ballpark cash costs at $500 and simply take a $1300 gold price, that's 16 million in profits. If you believe the gold price is going higher, and that Ralf can improve things a little bit further at the mine, the numbers can get even better.
With 16 million bucks, you could buy all of the current shares of SAM twice!
Please let me know if my numbers are way off.