I have been particularly irritated by the sluggish stock price. 2 others I follow, PAASF & Apex Silver have also lagged, so you can't blame too much on SSRIF, although it has probably fared the worst. The problem is almost completely about awareness. Some higher profile gold firms with heavy silver exposure have gone up more than the "pure plays", and Apex finally popped some after it's chairman was quoted in the WSJ.
I emailed Silver Standard & told them they need to get some awareness going. Rick Rule needs to get more involved here. If you price SSRIF's reserves at $1/oz (not a big amount), that gives you an $11 stock. There should be no problem finding an analyst willing to put out a buy on this stock, especially when people are climbing all over each other looking for ways to play this. They HAVE to make the effort though. I made it clear I wanted to hear back from them on this, and if that doesn't happen, I will be on the phone.
In the spirit of doing all I can, I also emailed Barron's about the 3 silver plays I mentioned; I felt since they have been doing such a good job following the silver story, this would be an ideal story for them to "break". They would certainly have plenty of readership interest in it.
On a separate note, I just read SS apointed a new director, and granted a bunch of options to employees at around C$6.80, a fairly bullish sign I suppose, even if it's just to line their pockets before, for whatever reason, they expected a price rise. ID |
