RE:RE:Whats Up?? It is bizarre no doubt, though nothing surprises me in this market environment. I am curious why the Q3 release (which is actually before market tomorrow maypeters) had to coincide with Luna's. The gold recieved from streams is quite predictable since all of the Company's (including Luna) have announced Q3 production already. Leads me to believe there is something else, something unkown to the public at this point, that will be released by Luna and SSL tomorrow.
Given how predictable the numbers are, including any potential impairment on Luna investment at September end, there shouldn't be any big surprises tomorrow. Furhermore, I can't imagine what news could possibly drive this thing any lower than it already is; it seems like all worst case scenarios are baked in to the share price right now, and then some.
What a devastating value destruction over the past month. Cash rich Companies are "supposed to" weather these storms better on average but SSL has actually done worse. Maybe it is time for management to start using that cash to add near term value to shareholders with a sizable buy back. I can't believe they let it get down below $2, it is pitiful.
Good luck to the longs tomorrow.