RE:RE:RE:RE:RE:FinancingPlease remind me righand2, who was hyping it when it ran to $2.20 in August? Yes, anyone in at that price, who foolishly didn't bail out after it dropped 10-15%, will be feeling the pain these days.
Come on people, it ain't that hard. In it's simplest terms, buy the bottom turns and sell the top turns. If you've decided as a rule to sell a top turn when your stock pulls back a certain percentage, whether that is 5%, 10%, or even 15%, you just do it. Every single time. Then re-evaluate. If you stick to your sell the top turn when it drops X% rule, you should rarely find yourself down 50% in a stock. Of course, lawsuits or acts of god can always catch even the best stocks at times. But as a rule, it will save you from big losses 99% of the time. /end rant
However, once Kora starts production in 2018, I personally think K92 will be reaching new highs. Waiting a long time? Yes, but not horribly long. When we are producing 100,000 ounces there is no way we should have a market cap of anything less than $300 million in my humble opinion. Heck, just look at Rox Gold. They have a $520 million market cap today. They are guiding for 105k - 115k oz gold in 2017 with an AISC of $740-790/oz. Compare that to what we are supposed to be doing in 2018. Never mind the 55k ounces or whatever K92 does this year. Focus on 2018. When we are matching ROG's production and mining with lower AISC, not to mention possibly only needing $14M vs $28M in capex... well you get the point. Our $100M market cap company can very quickly close the gap on the $520M market cap company known as Rox Gold.
- As usual, just my opinion and do your own DD.