same old, same oldBottom line is this deal has alwasy been a value trap and I dont see any catalysts to indiciated otherwise going forward. We need Fabulosa out of the picture since it's obvious they could not give a rats butt about the perverse undervaluation. All good deals always have some sort of takeover premium baked into the price and this is definitley not the case here.
I sold most of my position this past year in the high 30's in Aug when they suddenly had an unexpected bad quarter... I have now reloaded... But most probably I iwll sell again into the next rally as it's always same-old, same-old with this company. Managemnet and staff are well taken care of but shareholders are hung out to dry. It's pretty much an order of magnitede cheaper than comparable peers but that has always been the case. This company needs:
-better IR
-new management
-to have fabulosa sell it's position
My other top gold holdings are ELY and GPR - any other ideas out there wrt undervalued producers that actaully care about thier share price?
JMHO