RE:PIIt's crazy how much of an impact the big money can make at a moments notice, usually with no clues or forewarning.
AAB's share price is completely and utterly disconnected with the fundamentals. When LIX shares were in the mid 2's, AAB barely moved up. LIX shares corrected the last month, AAB barely moves again. PM stocks rallied YTD, AAB down, despite the fact that virtually every one of their smaller investments is markedly higher than last quarter, and the PGM prices are higher than late last year, which is good news for ATP.
Reality of the situation is management needs to get another buyback in place ASAP. Still way too make weak hands, shareholders who are willing to sell between $0.14-$0.16. Another large-scale buyback can sop up another 6-7 million shares, which I think would lead to a SP probably hovering around $0.20. A far cry from the intrinsic value, to be sure, but still better than where we are today. Not to mention if there are positive developments with ATP and LIX later this year the shares (might) be more expensive there where they can buy them back today.