Post by
indy946 on Dec 04, 2009 11:31am
institutional investors
will never get suckered into buying this stock. Who else will drive share price?. The mine is in russia and no one in his right mind would invest there. Good luck to all of you.
Comment by
prouditalian on Dec 04, 2009 11:36am
actually Eric Sprott is the biggest shareholder with close to 40 Mil shares, and many institutions own it. Oh, they have a 120,000 OZ gold mine in Burkina Fasso. Oh, they are trading at 2X cash flows while the average is 18X. Oh....how wrong you are.Got lucky and picked up a bit at .51.
Comment by
indy946 on Dec 04, 2009 12:12pm
I am suprised Sprott stil owns it, anyhow their quterly report in aug showed a loss of 6c a share so it is not trading at 2 times cash flow.
Comment by
bart_dc on Dec 04, 2009 12:18pm
any idea why it was -0.06? I suggest you read a little bit further than the Severstahl title of the Q-reportand if then you still don t get it, I pitty you
Comment by
elav on Dec 04, 2009 6:03pm
You clearly dont understand that Net Income includes accruals and non- cash items and has little to do with actual cash flows.