RE:RE:Yikes At this price of $5.56 cdn it is not a bargain but an outright "steal".
My only concern is what happens if the Yamana price continues to stay in this area for an extended period? This stock is being held down by the MM's. My guess is that someone will buy them out via a takeover target. It is important that Peter Marone start buying back a good chunk of their 1b shares o/s to light a fire under the price and get the sp moving up. Yamana is a sitting duck right now and I am sure the vultures are circling this one.
This is a solid company with many active projects plus several in the pipeline. Good cash flow generator, consistent and rising dividends, and solid financials. Their remaining debt should be paid off by end of next year too. Who wouldn't want to own this company?
I continue to buy to average down my cost. We can't control the price of gold or when the rebound in sp happens but it will come. This is just a waiting game on our end.
Buy and hold.
Ron