The key is that he runs his portfolio in a concentrated fashion,...

The key is that he runs his portfolio in a concentrated fashion, does not like to hold much over 10 stocks. He has also been very patient happy keeping a large portion of his new fund in cash this year. So for him to build a position in this shows he is very keen indeed. He did say in April he was buying a gold company but would not disclose then because he wasn't fully set in his position. Back then the stock was even higher than current level. With a current val he gave of above $3 current levels look fine to buy. I am not sure if all his followers on his blog know yet, maybe they already do. I have some respect for his views but his followers on that blog rate him a guru not unlike how rene rivkin's fans used to charge into his tips on occasions many years ago.