GC, i agree with your sentiment.
However, when evaluating the value of A1, i would suggest that many potential investors are very wary of their liabilities, and that this issue has every chance of shutting the operation down. I hope it doesnt, but surely this issue is No.1 when it comes to risk evaluations.
If A1 were an explorer right now, with say 1.4mill ozs (less say 10% for corrections) then a 14mill MC is too cheap. But, they are not an exploration company any more, and these fundamentals are largely irrelevant once into production.
The market, rightly or wrongly, is saying that the company is not worth the risk.
This could be a brilliant buying opportunity, or a very bad gamble. Each to their own!
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