My old friend Afroboy......Isn't it about what the stock is...

My old friend Afroboy......

Isn't it about what the stock is worth rather than recent performance.

If soon to be released Reserves report (as per recent announcements) backs up the numbers that have been used for the various research and stock valuations (anywhere from $1.70 to $2.70) that are out there, the stock price will react accordingly.

Anything near the numbers that those analyst's have used will not only bring confidence but also a re-rating of the stock as it will be clear then that simply from a asset point of view the company couldn't be worth anything less than its current mkt cap, infact it would be worth significantly more. I'm sure Arganout would then update their most recent valuation of $1.70 bringing it more inline with Paterson's $2.70 as i believe in this analyst and how he's come to his valuation.

It was 50c briefly a few months ago and then doubled to $1.00. Using your theory it wouldn't have been worth buying then either? Hindsight might indicate something different.

At the end of the day the facts will take care of themselves.