Terry, you probably know better than anyone in this thread the reality of the options that Bema had regarding CC and Aldebaran, but the concern I have is the following, looking at the next 6 months, where do you see the upside potential in AZS/BGO (amen of the POG that is), IMO, even if they find more gold in Aldebaran, PDG will low ball or still keep the indiference of the people on a low grade deposit, I honestly think that majors will concentrate on those deposit that can mine for under 120 $/oz, Barrick has conceded that the depresed POG may last longer then expected (2 years?), as an investor, I decided to sell now and buy in December oils or diamond plays (e.g. see the recent gains from SUF, MPV, ACA and recently Rupert)....it is sad to see that the largest legit deposit found in the last few years is the source for disapointment for so many.
As far as to what Clive could've done to improve share value, the most important in my mind would've been to prove that Refugio can be profitable (since they have wisely hedge at 380?, then POG should not be a factor here), but here is where robably they failed the most to all of us, by puting a shadow of a doubt on Refugion, the potential suitors were sparse ......yes, this is based on 20/20 vision but....that is what great CEO's are paid for....to outfox the market.... |
