Well 22c must be nearly a ten year low - lol - this will be my position for exposure to gold in a gold bear market, and I get oil as well in an energy bear market. Getting my pencil sharpened now - have to watch I don't scratch my touchpad - lol. I also suspect that there could be a cap raise as well, so will keep lots of powder dry. In the end - with the debt position they have, need to be very careful with this stock, but in a pinch I suspect creditors will look through the cycle lows a little bit, and charge some fees.
In 2012 they made $46m NPAT. So we are trading at a PE2012 ratio of 1 now. Hilarious!!!
IMD Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
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