Hi Tradedemon, thanks for alerting me to this. The reason is Manna IMO which we are heavily exposed to via 20% and the potential sale of the 10M shares which will fund increased gold drilling for at least 2 more quarters if the price can hold up.
Now Manna will be aggressively explored by GL1 we have two active projects which is much more exciting. Price may settle at a higher level and there will be willing buyers to sell the tranche of 10M shares to when the time arrives if results are as expected from drilling. Two strings to the bow now so what a great outcome. The fact we did not have to drill Manna is of even more benefit = cost free upside.
BRB Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held