I was disappointed by the 28% resource increase as I knew that was mediocre for market interest, but that is no way the directors fault?! Like many gold stocks my other goldie EVN was $6 in November now it's $4.60 so yes $100 in GP is making a huge difference.
There are so many gold stocks that have done f-all on good news recently BDC, NXM etc. Sure they got a bargain, but shareholders couldn't raise 11.5m at this price let alone 8c. I'll sell this stock if i ever see it parading on "Motley Fool" as i would feel SP is more of a objective to directors than say soon to be released Metallurgical testing.
Ann: Ausgold raises 11.25M to advance the Katanning Gold Project, page-36
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