Most undervalued stock, page-30

In the main, support you Timmi! Whilst I agree management haven't been too dynamic, their main issue is trying to make a silk purse from the sow's (Edikan's) ear, and in a country that isn't that friendly to mining as it once was. You can't make money from a sub 1g/t gold deposit in Africa these days. AISC for the past fin year of A$1800/oz and even their optimistic forecasts (ASIC: $1650/oz) for this year are now well under water. Only thing that kept these guys afloat has been that hedge book - all but gone!

I'll admit, was once a supporter but got out nearly 4 years ago when I could see much better value elsewhere.

You can't compare PRU to the likes of SBM, RSG and OGC which currently produce and have future AISC guidance under A$1050/oz ($500/oz margins). These guys should have been marked down a LOT more, or the others are oversold. Personally, prefer the latter, but that's the market space we're in right now; people scared and making sentimental decisions.