<<The market has said it. BAY trades worse than most dotcoms. A drop from from $3 to $2 isn't unusual for cats and dogs, but Hecla didn't do that. >>
No...Hecla did worst.
True, but HL doesn't accurately represent the average silver stock, perhaps. My intent was that an average silver company has done nothing recently while BAY was dropping 50%. SIL didn't do that.
Again, you speak out before researching the basics.
Why did you choose to omit your own pet, SIL?
CDE and HL, the two well known silver producers south of the border are down 76% and 78% respectively in the last 12 months.
The comparison was specifically made to exhibit that the speculative floor has fallen out of BAY. It's your grasping for straws that pulls up the distortion you seek.
CDE has been flat during the period of BAY's fall.
Sunshine is in chapter 11. OTOH, BAY is up 64% in that same period, a performance that even beats the NASDAQ.
You must kidding yourself to compare the two in any way. BAY is ten times more risky and speculative relative to any NAZ component. BAY is totally illiquid. Not even Wayne can grin his way out.
Extend that observation period to 16 months and BAY shows a gain of 368%. No need need to pull out CDE, HL and Nasdaq numbers...you are wrong again.
I told you that 'Bugs can't help but extrapolate to absurdity. How can any rational person argue what you are arguing? You are casting doubt on your integrity.
BAY is 1600% above its 3 year low and only 33% below its all time high earlier this year. Not a sign of a speculative mania, I would say.
You criticize the lack of earnings of industrial NAZ stocks, so how could BAY rise 1600% with no earnings and no earnings visibility? It must be speculative mania unless you define that term in the way that is convenient to sell clients what you need to believe.
Otherwise, BAY would have join the Heclas and Coeur D'Aleene.
According to you and the 'Bugs the NAZ speculative fever is all due to the bubble and the game of great expectations. BAY has appreciated for no other but the same reason: great expectations. And like with the NAZ stocks the balloon is being deflated as the recognition dawns that they all will have to earn their valuations.
As for my value calculations, they are in the same ballbark as the ones announced by half a dozen mining analyts, which is a conservative $C90 millions give or take 10%.
I don't see any of them buying. Why is that? Because they have no idea how low it might go. They have little confidence. I get it. They have no influence. No one takes their advice.
Again, I can only conclude you are wrong and they are right. BAY is undervalued at a market cap of only $25 millions. Period.
There are two kinds of failure in investment. One is the kind that can't accept what is developing and persists in seeing the emperor with new clothes. The second is the one who hides behind authority. Since you choose not to admit or to recognize what I have said and have responded to very few of my arguments, I can only conclude you have a prurient interest here and it has your objectivity completely compromised. The points to which you have responded are superficial to the content of what they implied. Why are you trying to be evasive? I could make much better counter arguments than you have.
As for the rest of your post, it is again full of false statements as usual.
I have addressed everything you have claimed but you have addressed almost nothing I have claimed. Your authority or presumptions may win 'Bugs, but you won't win any real money investors.
It make no sense to continue this discussions as only you will always be right. Your condescending attitude makes me sick and will keep anybody on this thread or others to entertain an healthy discussion with you.
And what kind of attitude is this but condescending? I don't expect you can see that. The prejudiced can never see how a counter argument might be valid. They have to believe that which lines their pockets.
You can continue to speak to yourself, I have better things to do.
Like cheer leading? |
