Predictions and guesses on stock price As an investor who has been trading this stock for a number of years I am never encouraged by people that make predictions or guesses on where the stock will be this month, next month or next year.
Although I have remained a positive investor with this stock I have learned much and realize this stock and the stock price is not merely connected to the price of gold as most gold mines are and as we have seen today it also is not necessarily affected in a positive way when positive news comes out. Much like the way bank stocks work a bank profits can be up millions but if they do not meet analysts expectations they go down. Much is the way with this stock that for years has not met analysts or investors expectaions no their own for that matter.
Example today ... after the increased value of gold reserves comes up very favourable and the company has made and released presentations about the up and coming expected increases in gold production ... today we have traded 2,885,492 shares and are down .005 or down to .26 per share. This is not even down from a good price but almost the lowest share price of the year.
The only way this share price is going to go up any amount, in my humble but experienced opinion is if this company finally manages to increase production and reach the steady state of 150,000 oz which they predicted over a year ago. I for one believe this will happen but like always, when is the question.
There is also the question of what the share price will reach. A couple of years ago I could see it hitting 3, 4 or even $5.00 per share and that was with a lower gold price. Today with the many problems experienced by this company, the poor historic reputation as well as the amount of share dilution I personally am looking at a high of 1.25 to 1.75 per share and that is if things go great and production far exceeds 150,000 oz per year and yes the important part, if they finally once again show a net profit instead of a loss ..
My opinion only ... best of fortune to all !