GREY:AVGCF - Post by User
Post by
JonEcashon May 06, 2011 6:36pm
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Post# 18542954
Current weakness.
Current weakness.As others with more experience than I have pointed out, this is mainly due to the cheap warrants that expire on May 8 and May 10, 2011. Add to it the normal seasonal weakness, as well as the shorters, and it is no surprise that we are where we are.
According to the last interim f/s, we have about 31M warrants to chew through. So it's possible that this process is not over yet. However, I have been a buyer below $1.40. Based on how undervalued I think this play is, I thought buying under $1.60 was a gift. So it was a no brainer for me to buy some here. Just ignore the noise and think longer-term. Imagine where the share price will be this time next year? Where else will you achieve such returns?
J$
ps. Thanks P&L for posting that IR response!