RE:MarketI would avoid the expression "playing the market", since it might lead a person to somewhat forget that it's not playing around at all, but it's all a serious effort with people's savings. Sea and KL are both very popular on the market and seem to have the value of their assets fullly recognized by the markets. Sea has huge reserves, that would benefit from better metal prices, but might have some difficulties starting operating considering the large size and locations. Investors settle on one company or another, but in reality there are so many factors to consider if a rational analysis of many companies was to be done to zero in on what might do best. I'd see them as performing with the market, without many chances of a re-rating by the market that pvg may have, however, KL has a good CEO who will continue to make good decisions into the future.
Pretium has trended up since 2014 so it's not really going down, the shares are having to readjust to the grade turning out to be lower than first expected. The production increase is being put in place faster than the market first expected, so institutions and long term investors are probably accumulating. The company has to come out with revised, that is a reduction in reserves sometime in April. While those following the story understand that, the market does not allways look that far ahead and connect tthe dots, so the market may have a hickup digesting that news.
I will be more comfortable with seeing the future as smooth sailing ahead, once PVG gets the update/revision behind them. Probably several others feel the same, so once the revisions are out and the operating results can better matching the expected reserves each quarter, then the mine should finally find a broader calm acceptance by the market. I didn't learn and follow the markets as a result of having good experiences, like others it was more that I had negative experiences witjh registered rep's and so found a need to do more of my own efforts, hehe.