AYO unknown

re: is it good buying now?no Yes, AYO has dropped a lot. But...

  1. 228 Posts.
    re: is it good buying now?no Yes, AYO has dropped a lot. But surprisingly you look at its valuation and it's really not cheap yet.

    Comparing market cap to what they will earn after Cayidere and Adatepe come online, and it may be fair value but it's not a screaming buy.

    OTOH, I think the AYOG convertible notes are still a "no brainer", especially if you can buy them below $1.90.
 
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