In production .... and the share price goes down down down.
Last at 13 cents ... values the company at what ... $12 million - with 600 million of gold in the ground and an operational plant? Ridiculous.
What can the reason be for no further announcements? Anyone who has just spent .. what ... 12 months building a plant, announced that it's working, should be yelling about production/impending production from the highest hill.
Even the well-off directors aren't buying at 13. What can be wrong? ... I'd guess either the plant is a disaster and not working at all, or they have run out of cash and credit, or greedy insiders are letting the price slip down on current illiquidity.
The fundamentals of this company look so strong, I can't bring myself to stop the loss and sell.
- Forums
- ASX - By Stock
- GBM
- all systems go
all systems go, page-12
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)