I like this discussion. There is no better place to see excitement and pain like at a explorer blogs.
Buying at $0.31 was better decision than at $1.25 like I did. Chances to lose like I and many did are lower at least.
Sentiment is a funny thing. There are many companies where you find all the fundamentals to invest and the share falls... other can keep going up while feeding investors and shareholders with the promisse of bright future and they trade with a P/E of 20/30/100. Investors sentiment and likeability is very important... like everyone likes Coca-Cola but not many like Tobaco or Uranium companies.
IMO the sentiment for gold explorers will change by mid next year when producers will announce their full year profits and so hopefully the numbers will attract more so fund managers into it and more companies able to finance their plants, etc.
For those entering the gold explorers game there is no better time for that... they are "cheap" but the question is would they get cheaper? when?
PRU is also looking "cheap" but and producing a lot... EPS will double by next year but the company is also sufferring.... oh market sentiment.
AMX Price at posting:
31.0¢ Sentiment: None Disclosure: Not Held
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