The share price is merely the weighing machine or a reflection of the attitude of the current and potential investors. This "attitude" may reflect the low or high price of gold, cost of inputs, reserves etc etc. Management may be doing an outstanding job in their field of endeavour but if the attitudes of others are not positive for whatever reason, alas the sellers will out number the buyers.
Having bought much earlier and learnt even more about this company I think the retraction of the SP is merely an opportunity for those with spare dollars to buy some more.
ERM Price at posting:
8.4¢ Sentiment: Buy Disclosure: Held
