RE: Value! Quite a food fight on this site; the bashers are crawling out of the woodwork,
and the longs (like me) are bunkered down in our bomb proof shelters.
However, though I am often wrong, I think that in the last 3 days we have
witnessed the bottoming of this cycle. The settlement for March gold is on
Monday, so the bloodbath may be over.
In the last 10 days, we have witnessed turnovers in our little company, in
the numbers of from 2 million yesteday, to almost 8 million; hopefully the
baton was passed from the weak hands to the strong...but only time will tell.
For the last month or so, an individual by the handle of "Argentus Maximus", on the
tf metals website, was blogging that this is a setup for the Big Trade, namely that
the last few days we have witnessed the major lows in gold/silver, and that we are
at the start of a MAJOR move up in metals that will propel them to new highs by
the middle of March of this year. If that is the case, then we will not have to worry
about further disution in SGR, as the cash flows should explode. "Santa" is also
in this camp, namely that March of this year will be exceptional.
As to the company's undervaluation, I think that the mill alone is worth more
than the net value of the whole.
Anyway, I am long , and still adding at these ridiculous prices.
Audi.