Newbie.....almost Gents, I have been watching this company for a while and tempted to pull the trigger. I think Gold is going to break $2K this year and these guys look like they have the oz's to take advantage of that leverage.
As well, I have been beaten down in the gold market, in other companies so i feel your pain here.
I don't understand these $30 million expenses last year, particularly in the 3rd quarter. Was this a one time event?
I like the 22 cent EPS evaluation, which was just posted, so I am assuming these extra expenses are done. Sorry, I have to read over all this again to try to retain some of it, but if anyone has anything to add here to help make my decision, I am all ears.
If I'm comprehending this correctly, if gold can hit the big 2k and stick, earnings here should double. At that point the market mindset should also be swinging to gold and give us some better valuations on those earnings, so, to me, I see a sp of nearly $3 by the end of the year......haha.......yeah, no I don't own a crystal ball.....so take that with a grain of salt.
By the way, how much managment ownership do we have here? Skeletons in the closet that I need to be aware of? Any info would be greatly appreciated.
Bestof luck!
Giver.