Had some disappointments on production, so got beaten up. Chart shows a head and shoulders formation in 2011 along with a big spike up in volume. That was a good time to get out. Right now there is some support at around $1.60-$1.75.
Doesn't know it in great detail. Last year had a disappointment on production and stock sold off aggressively. Understands things are back on track. You have to be careful as these can go sideways for a long time, which this one is doing. Consider switching to Argonaut Gold (AR-T) which still has lots of legs.
They are not too deep in the penalty box. The second mind is possibly coming on at the moment. A lot of these gold have traded back down. It is probably all right here but not his favourite.
How do political risks enter into analysis? All the news is encapsulated into the stock price. The stock had a nearly 40% drop this year and has now entered into a consolidation phase. He would be very cautious with this stock.
Political issues in its Mali location so there are better places to be. If the political issues get resolved, there is tremendous upside. Doesn’t like the risk/reward.
Into West Africa military commotions. It now needs money to perpetuate its development. A bit awkward because it is a bit difficult to raise the money at this time. When things do get better over all, it will be a better priced stock. Good management.