You are probably correct. Too bad! Although I got into this company at close to its low, I only bought approximately 25% of the amount I would normally buy of a company with their compelling value. Been waiting for a pullback so I can add more shares.

Doesn't look like that is going to happen for awhile. Should have sold some other positions when I first got in, so I could have a decent position. Still quite a value, but I have a predjudice against "chasing" a stock. Frankly, AUMN doesn't need rising silver prices to be a great value. If silver stays above 25 on average over the next couple of years they will be just fine. If it shoots up to average in the high 30's or above the sky is the limit with their resources and backlog of excellent exploratory properties.

Rip