RE:RE:RE:Down we go again
Well, this is very short sighted selling and great for entry points, increasing positions and building swing positions. All this, simply because of a miss by a few 1000 oz in H2. But, this shows the lack of confidence in McCunn.
Market Cap of $200M is a total joke with $70M Cash on hand. You could say this values AP at the acquisition price, despite the addition of the Al Sauzal mill and the progress made over the last 16 months, and gives no valuation to San Fran, or vice versa - values SF resonably, but no valuation included on AP...
Current Shareholders know 2018 promises to be a substantial year and patience is required. We will see a double or triple from here in 2018 imo, if a takeout isn't hastily offered in the nearer term.
Until then, build that position - both LT and ST.
BTW, TD maintained their $10.50 target with this slight blip in the road.
B