I like AUY,but I didn't like the fact that they didn't give their investors much of an explanation.At least a specific one.They could have said for possible m&a activity or for what ramp up in production or exploration they are looking at.
On Jul 02 12:25 PM West Coast Commentator wrote:
> Yamana's sale of the San Francisco mine is not surprising, and a > testimony to what happens when an investment banker (Marrone) thinks > he knows better - for years this property was touted to be a 250,000 > oz/year ultra-low cost jewel, only to disappoint once in production. > At less than 100,000 oz/year and with production costs above $500/oz > - good riddance. As a Yamana shareholder I hope they will do a better > job overseeing less mines. But with Marrone you never know - he always > overpays at the peak for some crap (Northern Orion). One very good > reason their PE lags behind (makes me kringe - why didn't I invest > in Kinross instead?).
Exploring Gold Miner Stocks: Mid-Year 2009 Analysis [View article]
On Jul 02 12:25 PM West Coast Commentator wrote:
> Yamana's sale of the San Francisco mine is not surprising, and a
> testimony to what happens when an investment banker (Marrone) thinks
> he knows better - for years this property was touted to be a 250,000
> oz/year ultra-low cost jewel, only to disappoint once in production.
> At less than 100,000 oz/year and with production costs above $500/oz
> - good riddance. As a Yamana shareholder I hope they will do a better
> job overseeing less mines. But with Marrone you never know - he always
> overpays at the peak for some crap (Northern Orion). One very good
> reason their PE lags behind (makes me kringe - why didn't I invest
> in Kinross instead?).