POGGold is still $40.00 higher than it was 30 days ago and $295.00 higher than this time last year.
If Benoit keeps hitting his targets and running a profitable company he can grow organically. You want to keep shareholders happy but if you don't need to go to the market for money what does the share price mean day to day?
As long as he isn't hiding things and he's following the business plan he laid out a couple of years ago I think we have to be patient. This market turmoil is caused by too many people have too much information that they don't understand.
So the guy that was going to go down to buy some appliances or new car this morning woke up to see the only thing he was going to get was a haircut. Market drops freeze out the big purchases short term until the market comes back.
Inflation is the big topic now, next up: Will Japan's trouble put a halt to US growth? Retail spending slows because investors portfolios are down.
I didn't sell at $8.50 like I had planned. Too close to earnings which will be good.
Wes