As you are aware the SP rose to almost 60c in January last year...

As you are aware the SP rose to almost 60c in January last year and then fell back very quickly to 30c, and now around 16c. While I did not base my valuation on PE, the methodology I adopted on net assets value will hold for the time being until we see some developments taking place.
Gold stocks and other metals do not have a set pattern of movement and I do not accept this theory. If it was that simple we will all be making money.
As for AHF, I am sure institutions are not interested in this share as evidenced by the volume of trade. Nothing we can do about the price and are at the mercy of the Directors .