Willyum,
You had me wondering when you called me naive. With an MBA (Finance), I'm thinking, "what am I missing here?" I mean if a company is not going to increase revenues or produce a deal beneficial to itself, what IS it doing? BTW, both of these are efforts to increase shareholder value.
I agree that the stock was manipulated at first. They hire a promoter to hype this stock blah blah blah. Over $3 and this stock is overpriced, but under $.50? There has to be more to the story (that we're not getting). When I'm led to believe (and I do believe) there are more than 600,000 oz. in the ground with more to come and a deal gets inked with Echo, I expect the stock to stabilize or rise, not fall precipitously. I keep working the numbers, even with the price of gold, Fairmile is undervalued. Why? I don't know. Unless there's something we're not being told. That's my only point.
Greg |
