Stock AnalysisBear in mind that I have no mining expertise.
My analysis is everyone likes the story, good minerization in lots of holes, hole 36 is rich (though maybe a little deep). We have a good partner, a good balance sheet and a good budget. I believe that program-wise John, Scott, Harry and Amplats ran a constructive program this year. I also believe that we are going to continue to identify good mineralization, including some new zones and areas going forward.
There is obviously no big buyer of this stock. It is orphaned at the present time, which makes for some pretty low prices. People like to "play" mining stocks on a momentum basis. We don't have any stock market momentum at this time. Most of us agree that the fundamentals should dictate a better stock price some time in the new year. Meanwhile, we all want to buy one more time at the perfect price($0.50?,$0.42?,$0.37?) during tax loss season. We're all thinking it behaves like it's going to get worse before it gets better.
I'm dealing with this by working with a core stock position (which I own a little higher than today's price), and a trading position, which I bought last week a little cheaper than today's price. I've traded a bit of that stock out but I fully expect to exit the year with a pretty good-sized position at a pretty good price.
In the past, whenever management has tried to promote the stock (often on this board!) I've sold into the promo. Conversely I like buying it when they're quiet. In a perfect world I like them to stay quiet, and let the results speak for themselves. It adds to credibility, and in the long run leads to a more stable shareholder base and a higher stock price. Keep it up Harry, you're doing the right thing the last six weeks...give it time. Sell yourself as the anti-promoter, you should get good hype out of that!!!
Conclusion, Let's cheer for a one million share trade at $0.37, where we all get as much stock as we want. Good to see some appearances on the roll call.
Thanks,BB long