RE:RE:It is hard to figure out.(Arbutus22 I feel the same way). -- I have been in this one since the rollback, my average is quite high, been averaging down buying in the .21/.22/23.
These guys have been around for a long time, own a large percentage of the stock, continuing the exploration on the properties and have a fair amount of money still in the Bank.
Here is why I like AIR. My approach is fundamentals and sometimes we have to practice patience.
1) They have not had a run on the stock since the rollback.
2) They have all the permits and all the required agreements with the Native Bands.
3) Drilling results have been fairly good.
4) There is a feeling that they are looking for a major to takeover, which would be great.
5) Insiders keep buying the stock, the outlook for AIR must be positive. (Tight lips)
6) Agree with you that this baby is trading at a discount to book value.
7) I believe that they are also looking very seriously at RARE EARTH METALS as well.
I am long on this one