cso1 - my point was BGS was very much in a similar position several months ago, in fact their Shareprice sat between 0.5 and 0.8 between July 2012 and Mid Jan 2013.
Any company with a share price in this position faces challenges, most notably by people placing short term GAP plays (buying 0.005, selling 0.006) for a simple 20% return - which is what I have been doing with GIP this lasy two weeks (up 40%/after costs at present).
As such, to be able to break that trend, it requires significant re-rating news or the DT/ST HC teams to come out in force, which happened to BGS in Jan and still has.
Further more, BGS also has the sovereign risk similarity that letsee seems to think is a massive issue here. IMHO though Mali carries significantly more soverign risk than Egypt, even after the 'democratic' appointment of the Muslim Brotherhood.
AR1 Price at posting:
0.8¢ Sentiment: ST Buy Disclosure: Not Held
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