RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Lack of communicationsAs someone else mentioned, The company has about 60M in cash, and a permitted and producing mine in a country where several majors also have operations. At a market cap of 179M, P/B of 0.42. This is way undervalued.
I seriously doubt management will let this company go to zero as you keep quoting Carson Block. They are generating postive cash flow, have plenty of cash, and creditors will usually work with you to repay your debts. AKG taking longer and paying more interest is not a bad thing for their lender.
If all else fails and they somehow can not pay their debt and grow their production, I'm pretty sure they can find a buyer to take them over at a nice premium to current share price. There are lots of producers of all sizes looking to grow production through acquisition. They can save years of work to permit and develope a mine by simply acquire a small, producer like AKG.
So IMO, the risk/reward is very good at this price. And it's a good point to enter if you were waiting, and hold if you are currently down.
LucasKnight wrote: The CALL was not to invest in the company. Not losing money when the red flags were all out for this company is considered to be a good call too.
Still waiting to hear your thoughts on it being a forum and allowing for everyone to voice their opinions. Does one need to actually invest in a stock to voice an opinion...whether it be on the downside or upside?
Just like the numerous posters who tried to belittle the many [of which i am one] who tried to warn the others...they have vanished while the share price has continued to break through on to the downside.
But you can keep on grinding...perhaps it might work out for you.