Hello Goalie et al,
While I agree the past few days have been very very frustrating, I believe that we are seeing tax-related selling from mostly retail investors. The stock is behaving as it did a couple years ago, and will likely bounce up once some selling pressure is abated.
Actually, the problem is not the sellers, it is the lack of buyers.
This goes to your point about investor relations, etc. There has been a noticeable and commendable improvement in IR, but the stock is at the same place it was 6 months ago. What is upper management doing? Are they talking to large shareholders? What about the guys with 1-20,000 shares? Are they communicating well with retail investors? Besides Chris Jennings and Lee Barker, what exactly does the rest of the board do? I mean they weren't seen to be active in the tussle with De Beers, so now that Marsfontein is resolved, what are they doing to increase shareholder value? Or to keep shareholder value from eroding?
Just some questions on a day when I agree completely with BLSH.
Buy now in the pre-1999 sale!
Regards and best of the season!
Confluence |
