Why are we seeing this decline? I'm trying to figure out why we have been on hold around 3-3,10 and during the last week been going well below 3?
It couldn't be because of fundamental reasons, that's for sure. They have been releasing spot on drilling results. Don't really know whats happening behind the scenes. People are talking about possible buyouts. I don't really think Warke is interesting in selling at these levels. He knows that he can get a lot more down the road within a year or two. For some reasons, the stock is being held up at these levels. The share price should be at a much higher level due to the fact of rising metal prices and the excellent NR over the past months.
I'm here for the long haul but with that said it's always frustrating to see the stock go down when you can't really find any good reasons. I will be loading up more shares at these levels as I did around a couple of weeks ago around 3. Eventually, the stock will show its true value and we will all be rewarded. This is first class mgmt that we have here. They know what they are doing, they have done it before and will do it again.
Happy stock buying from Sweden :)