I understand what you say pinetree but even at 50c or 60c this would be a huge opportunity given the projects they have on the go.
I asked myself many times whilst holding why is this not a takeover target? Cash in bank, what looks like a great prospect in Peru and also a small coal project to bring in some cash.
Something does not add up - the only other factor is management. The market values the projects at nigh on zero - which to me means they either distrust the management or they don't exist. I don't think the drill results are fakes so it takes me back to management.
Do you think they act in shareholder's best interests? I'm not trying to be provocative i just can not make things add up here.
SRK Price at posting:
37.0¢ Sentiment: None Disclosure: Not Held
