RE: RE: RE: RE: RE: RE: RE: RE: Still waiting... Kettl, we are in the same boat. Actually my average cost by april last year was USD 2.40. (having started at 0.9 and then buying more as I did more DD and became more convinced of Stans.)
When the price dropped drastically and after doing more DD to be sure, I averaged down with more purchases (BK said it was God's gift to us at these prices) and my cost is now USD 0.95
So you can see I'm in the same situation as you guys. The difference is I bought with no intention to sell until 2014 or until it reaches close to its full value.
Warren buffet's philosophy has been that when you find an undervalued stock which instrinsic value being far more than its SP you must be willing to invest 10% at least of your whole net worth in it. Then you must be prepared to see the value of the SP to drop further as much as 50% before it reaches its fundamental value (as a stock will always finally reach its fundamental value. Also the difference is Buffett hardly sells any of his investments).
Stans has shown that they will release info when they are good and ready with substance. They are currently in delicate negotiations (whether with govt or JV and off take partners). Thus they have to have discretion in what they can release so as not to weaken their negotiating positions.
Since you are willing to wait till 2014, then as I advised before, be patient and ignore all the noise in the mean time.
Cheers Bro.
Simon