RIVER, LOOK AT RETIREDYOUNG'S TOP 2:
"1. Loss in 4th quarter;
2. A failure to hit the promised production goal for 2011;"
NOW, LET'S SAY THE 4Q LOSS IS NOT A ONE OFF. LET'S SAY USSIF REPORTS CONTINUED HIGH PRODUCTION COSTS AND A LOSS OR MARGINAL PROFIT FOR 1Q12. AND, AS THE CDE CFO REPORTED IN RECENT NEWS THE MARKET IS FACED WITH A $25/OZ. SILVER PRICE FOR 2012-2013.
UNDER THOSE CONDITIONS, CAN THE MARKET JUSTIFY THE CURRENT PRICE? WHAT IS A FAIR PRICE? COULD IT BE UNDER $1/SHARE? I CERTAINLY DON'T KNOW.
WHAT I DO KNOW IS THAT NOW A LOT OF UNCERTAINTY HAS BEEN INTRODUCED INTO THE MIX. MANY OF US, I FEAR, FELL IN LOVE WITH THIS STORY. I KNOW I BOUGHT AT WHAT I THOUGHT WAS A BARGAIN VALUE OF $3.05/SHARE (POST-RS). NOW I'M LOOKING AT A 40% PAPER LOSS. HOW MUCH MORE PAIN SHOULD I BE WILLING TO ACCEPT?
EACH OF US "BELIEVERS" MUST IN THE END DECIDE. IT'S AN INDIVIDUAL DECISION. AND, UNFORTUNATELY MANAGEMENT IS NOT HELPING. THERE IS JUST NO NEWS WHICH REALLY MAKES ME WONDER. WHAT DO THEY KNOW THAT THEY ARE NOT TELLING US? AT LEAST GIVE US THE 1Q PRODUCTION REPORT AND AN AMEX UPDATE. THEY SHOULD BE ABLE TO HANDLE THESE UPDATES TO SHAREHOLDERS & MAYBE SOMETHING FURTHER ON DRILL RESULTS OR 1Q12 REVENUES. I ALSO WONDER WHY ISN'T SPROTT BUYING MORE? SO, A LOT OF QUESTIONS.
I'M LOSING SLEEP SO I MUST DO SOMETHING. MAYBE I SHOULD TAKE UP DRINKING.
REGARDS,
DRBILL,