I just don't see much upside at this point, they have mortgaged a big piece of thier future production already, which has been a disaster. Ramu is going to be just as troublesome just because it is in PNG, no other reason. As for the gold production, not everything can be attributed to forces of nature.
I am wondering if Big Investor is still happy with thier investment. Everyone thought they were cheap at 29 cents too. Now everyone thinks that they are cheap at 15, maybe yet to be seen. Major risk for any upside. I am not even sure that this one is on par with a flip of the coin anymore. The chart looks pretty spooky imo. Is it really worth the risk, check out charts for CRS, BMO, GLN, all gone now?
HIG Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
