who is buying?, page-8

f4me

Depends on your timeframe...short term, it could go anywhere. I have to admit I thought it would go up again today. I guess with over 70 million (!!!) shares traded on Friday, there were a heap of short term traders that got into the stock looking to make a quick buck and got burnt (and had to exit).

Long term, it is still significantly undervalued, particularly if gold price can hold current levels...and even more so if it keeps rising.

Warwick Grigor released a junior gold table with about 20 stocks featured. On a market cap per oz (at a ATV SP of 8.3c), ATV was 5th lowest...but that was based on around 700G oz, so not updated for Friday's announcement.

Cdchi1