US SilverI, like many other shareholders, am frustrated with the current stock price of this company. Now the stock doesn't owe me anything as I purchased most of my shares in the low teens but it has been an uphill struggle every step of the way to reach its current trading level.
I am not expecting much from Q4 2010 because I think there will still be some impact felt from the mine accident. However I do think Q1 2011 will provide some important clues as to where this company is headed for the next year and beyond. I know I will be very disappointed if I don't see strong signs of a turnaround from the second half of 2010.
I also think the company must review their investor relations strategy and committ serious funds and effort to promote US Silver in 2011. While the advance/decline line and on/balance volume line both appear solidly bullish there is still far too much stock being sold to absorb the selling and still move the stock to much higher levels. Actually I think USA would be a candidate to reverse split its stock (I know this isn't something most investors want to hear about) because the underlying fundementals would support a higher stock price. However I think the same objective could be achieved with a serious effort to promote the company.
Perhaps this will be made easier if Q1 2011 shows the company has turned things around and is meeting it's production and financial objectives for 2011.
bahamas19