Market players are having their way Market players are having fun with the little retailor investor on this stock...
Remeber at the end of 2016:
- 2016 production for silver was 21.3M ounces. Tahoe only sold 19.0M in 2016, over the years the sytem fill has accumulated to a delta of 3.2M ounces.
- Q1 2017 We should see a record sales for silver plus a little accounting magic on the market to market re-price...
- 2016 production for gold was 385,111 ounces. Tahoe only sold 358,183 ounces
- Q1 2017 sales for gold again should be a record quarter..
- 2016 was their best year ever financially when you remove the one time hits they took for the acquisition of the two gold companies
- Current share price is valuing their gold holdings/acqusitions at squat and will continue until clarity on the reserves in Q3 2017.
- It pays a dividend
Makes for a wild ride...
My prediction based on the above:
Will see price pop after Q1 2017 release of $1 to $2, price should stabalize between $12 to $13. Q2-2017 numbers will come in weaker unless we see coninued strength on the commodity price side...
September 2017 if all the pumping management is doing has any creditablility (which I believe it has) the update to their reserves plus the feasiblilty study on the copper gold mine in Peru should move the price up to the mid-teens...
All along the market players will be giving us oppurtunities to get in and out...
GLTA