Stock price when the opinion was issued
Stock is priced as though they had no exploration projects, which he thinks is a mistake. It seems too cheap. They did a reasonable job of handling their severe operating difficulties. Company has done a very good job of operating politically and socially in West Africa. Thinks political risks here are overstated.
Mines in different parts of Africa. Cash flow positive. Trading at very cheap valuations. Feels it is a fantastic stock to own. There is still a lot of hesitation because of it being in Africa. Wouldn’t be surprised to see it get taken out.