Gold price still holding above AUD$5,000. The last time we were trading at this price in June last year the price of gold was just AUD$3,500.
I understand and feel your frustration. The scoping study is due by the end of this month, allowing the market to put a more confident valuation on Ironbark and form the basis for a revaluation. AP does have ppl advising him now and does appear to be making the moves toward production.
Recent weakness appears to be large holders selling out and not a precursor to a CR. Still no need for a capital raise for 6 - 9 months options due to be exercised early next year in any case, bring in more cash. Hopefully we do some sort of deal before then.
GBR Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held
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