TSXV:AUN.H - Post by User
Comment by
Baer1on Oct 03, 2012 9:54am
343 Views
Post# 20441821
RE: Another Price battle today
RE: Another Price battle today Agree, vestor, the PM prices are yo-yoing as they are pulled in opposite directions by strong forces. However, at this point mining company reports have been reflecting current PM prices for some 8 months. Most of the biggies are offsetting those with higher costs of production or capitalisation of equipment (or both). This is bad for us in the junior sector because many investors only glance at the majors when checking the miners for opportunities. Some of the well run small to mid PM miners are showing outstanding production costs, but you have to dig to find them. Laziness rules for the mob. Until something breaks the pattern, we are being painted with the same brush as Goldcorp, Barrick, et al.. AUN has lit up occasionally, hence our price rises lately, but the market has many interests and concerns right now and is easily distracted. The next quarterly report may break us out, or maybe the one after. When it comes, it WILL be good. Meanwhile, let's increase production!