Guys,
I listened to that program by downloading the podcast. (Wednesday night podcast)
They do not have any clue absolutely what so ever.
To start with one fellow said, "they have copper deposit in India although they are listed in Australia". So according to them "Nifty and MT Gordon are in India". Hell with them. He also said they are running short of cash (ABY is sitting on much more than a 100 million dollar cash) They must all be joking.
If they do not know it is better to keep quite. Instead of that they were recommending ozl, sfr in the place of ABY.
BUNCH OF JOKERS.
ABY has got a long way to go. If copper price holds around this price, you can expect an EPS of around 25cents and a dividend of 15 cents from ABY. Even if you value them at a PE of 10 it should be trading at around $2.50.
Cheers
Hari
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