GREY:ESOFD - Post by User
Comment by
NorthTeaon Apr 17, 2013 11:53am
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Post# 21265586
RE: RE: 51 & 53
RE: RE: 51 & 53 I too am looking forward to 51 & 53 -- BUT, i in no way think or anticipate that the results will propel the stock price back to $4 (even if it deserves to be there...which it does). The price of the stock is in context of a horrible tsx market and a horrible commodity market right now -- those investors who own AMW likely own some golds, oils etc -- all of which have been killed in the last week, month. So it makes sense from a stock market perspective why we see some weakness -- that said, from a fundamental perspective we are extremely strong in terms of out assays and our current cash position -- in the medium to long term fundamentals always win out and we will have our day in the sun. Also -- one more thought, as we get closer to $3 and breach $3 there is more selling pressure on the stock from those who are on margin and no longer will receive margin below $3...so selling will beget selling down here.