My thoughts was this wasn't a good quarterly, but I don't think it's management issues as primarily it was weather related issues. Even though the price dropped majorly today, I noticed the volumes were quite low. So assume the real market is giving the benefit of the doubt and see if management can turn it around. Though the market won't be forgiving on two bad quarters.
But fundamentally the stock is undervalued compared to free cashew it generates but technically it looks like will breakdown Wednesday's low of 1.82 sometime this week - if it breaks that low, then my thoughts is we will end up trading in range between 1.68/1.74 - for the medium term until confidence picks up or gold breaks above $1,300USD
Hopefully GDXJ re-balance would have completed by then and some sort of bullish signal can start to form.
Ann: Quarterly Activities Report, page-3
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$2.86 |
Change
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Mkt cap ! $2.527B | |||
| Open | High | Low | Value | Volume |
| $2.80 | $2.87 | $2.78 | $13.35M | 4.704M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 72565 | $2.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.86 | 17255 | 1 |
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