If convinced of a company's fundamentals one should welcome price weakness and buy. Silver Lake collapsed to $1.57 a few months ago and shareholders I know sold based on the poor chart action, right near the bottom!
Perhaps some AYN shareholders will do the same, who knows?
It's better to stay focused on the fundamentals. Most urgently right now and as I've been making the point loud and clear... are they meeting their hedging requirements?
They've committed to delivering 58k oz per month this year from Jan (minimum) but only produced 37k oz per month in the Dec quarter. They've also said they don't expect to hit design production 'until Q3'.
Perhaps they're able to defer deliveries until later in the year at no cost, or maybe they're comfortably delivering more than 58k already. We need to see monthly production data from the company
If convinced of a company's fundamentals one should welcome...
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