ttsb..just so you aren't the only poster ...Why doesn't everyone just buy low, and sell high, when the time comes, and not worry so much in between times?
The share price has stayed far lower than previous valuations achieved by YRI. There are numerous plausible explanations...but who cares? The board could easily address the share price issue if they felt that it was crucial to do so. So far it is stable, albeit not very attractive.
Delivering great earnings, repurchasing shares, and increasing the dividend are all steps that are going to benefit shareholders over time. This is a buy and hold investment for sure....and those who are smart enough to buy at these levels have an added level of security in their investment.
There is a good bet going on that the share price will pop on the upcoming quarterly earning report . In fact, for those into options, the in-the-money May 11 call option is trading with essentially no time premium.
I would expect that this is one of the easiest conceivable short term 30% gains that an investor could find imo. Here is the catch though.....the share price should not currently be this low, and it should, in principle, not go lower, but in this contrived economic space, anything is possible in the short term. Bullion is about to become more volatile so the pretty metal could open at $1500. plus or minus $100 come any Monday morning.
FWIW, my bet is that the YRI share price will rise next week and that management will soon take steps that are stimulative to the share price.
It is quite amazing that a take out has not been engineered already at the current attractive valuations. So just to play...what name sounds better...Goldross, Kingoldcorp, Yamgoldcorp, Goldyamcorp. Or, if china buys all three, G. K, and YRI, how about Kinyamcorp. That one sounds pretty oriental doesn't it? It would be a good way to convert some excess treasury levels into something a little more tangible.
Anyway, the weekend is fast approaching...enjoy, laugh, play and don't try and understand why the market behaves the way she does. GLTA