Ann: Indee Gold - Acquisition Update, page-20

I agree with you in part. Without mining and selling gold, its not generating any cash and will be just burning money. But however it is still classified as a gold stock. Maybe not in all definitions, but more than not.

One word that trumps all fundamentals is 'sentiment'. I would like to think that if there is a US stock market correction (which I am a firm believer of) then gold stocks will be the flight to safety and hopefully, sentiment will trump everything else, including the fact the De Grey is not mining yet. And when that happens, our share price should fly.

That really sums up why I bought into this stock. However, I didn't anticipate the fall of the shareprice from 24c.....stuffed up there definitely.

AUD gold has dropped slightly only, and is actually holding quite well. Fundamentally Aussie Gold miners (or potential miners) should be insulated by the falling gold price. But again...sentiment trumps everything else, so here we are.