Don't mistake...
posted on
Mar 17, 2008 01:15PM
The company whose shareholders were better than its management
Funds targets of $12 to $24 are not what they think ARU is worth...
These targets are typically always undervalued so that their clients are always pleasantly surprised
Also, these targets are based on all the political crap that is about to be removed...therefore they are discounted twice...
These targets are based on the lack of clarity on mining laws and royalties which is soon to be clarified....
Gold is higher than when we started this little trip.
Majors are in worse shape now production wise than when we started.
There are some investors that came in late and would be happy with a double...so be it.
But I don't decide what a stock is worth by how much return I want.
I decide on what it's worth according to what they have in the ground, what that's worth to another company or companies, and how much demand there is for it. Don;t forget the Chinese.
To each their own
safeharbour