The GFC & ongoing deleveraging has (and will continue) to remove a lot of money from the system. So called "hot money" which is left (for pre production diggers & drillers) moves quickly from stock to stock in anticipation of key activities and events. A lot of my small cap resource holds exibit SP volatility for this reason.
If nothing is happening with AGS for a several months, all hot money WILL move to where action is expected to happen today, tomorrow or next week (well spuds etc.)
The LT risk for this stock remains low. Even if the ASX tanks uranium and gold will still be in demand. This means AGS would recover from such an event. The strong cash position could also be applied to pick up bargains.
Cheers
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