The best time to buy is when sentiment is at rock bottom
Coking coal is a good example, SBB too perhaps...
Here's a chart done after market close yesterday with some key spots highlighted. Also notice the nice rounded bottom forming?
http://www.investopedia.com/university/charts/charts10.asp
So I ask holders (rhetorically) - what is your target? Cash backing is a good start. Cash backing + a PE of 10 is better.
DYOR - this stock has very poor sentiment and some issues but the SP being where it is IMO is primarily due to a) lack of communication from the co, and b) the company ignoring what the market wants (unsustainable dividends), and going for long term growth instead - good on them for bucking the trend!
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- 34 mill cash 10 mill MC !
34 mill cash 10 mill MC !, page-94
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