Not sure if I'm just being DOF but this company seems to be doing the right things and producing ever better production so it's probably worth hanging in there for a while (he says looking to the heavens for some sign). Last week was ouch but already coming back nicely!!
To some extent they seem to have taken drastic/dramatic steps to avoid the whole house falling in and have managed to reduce debt to manageable levels and the bulk of their production is not hedged. There was a sens a while ago that they had managed to restructure some of their hedging positions favourably. Yes, it's a shadow of its former self but at least it's a shadow and not a crater!
I have given up on this share! Twice I bought on the uptrend - only to be stopped out a few days later, just to watch it recover again to what level ???(like today). Can the MTX fundi's please share the secret with me - I promise not to tell!
Simon was wrong about gold recently. Now he is wrong about Metorex. This share has gone up from R1.21 on 9th March 2009 to current R4.85. Standard Bank is an excellent business but did they sell the "Crown Jewels" when they sold a chunk of the business to the Chinese....No! Metorex will be successful in their restructuring, even the Standard Bank recently again upgraded them to a "BUY".