PXG, VKA

I learnt about this stock in 2011 April while reading ABU's presentation.  It featured in one slide showing EV/AuOz graph.  This one was very cheap so I bought for its value.  And then I bought some more in Nov 2011 as more favourable exploration result came out.

Today, it is muted to be a takeover target but this is just a rumour.  However, like ABU, it has been making all the right noise but the market seems rather reluctant to assign a real value to it.  Yes, the same applies to VKA (very cheap on EV/AuOz valuation) but I am sitting tight on both.  PXG is a gain while VKA is a loss.