It was definately over valued when $2 plus. But definately undervalued at under $1.
I was lucky to sell some in the 1.60-70 range before buying back in at prices below $1.10 and current ave about $1. Now have a level of holding that I am comfortable with and think real value is around $1.40 area at current pog but as gold price approaches $2000US Oz , the real value will move to at least $2.00.
So plan to hold and wait to see what unfolds, but don't get me wrong , if Syama doesn't continue to improve its performance and/or they come out with a crap plan to either move Bibiani on or spend some capital , I will be happy to exit at break even or above and realicate my capital to gold stocks I trust more.
Christopher
Ann: Syama Oxide Exploration Update, page-21
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