Thats it I'm out of this dog. Missed the opporunity to sell at a profit when they announced a few months back they were stopping mining at Kangaroo flats. I thought there was some good news on the horizon back then because of the steady growth in SP from 17c to 30c on good volume but I think I was kidding myself. Kangaroo flats was my main reason for holding and I should have taken heed of the bad announcement.
I think the 38-40 million they have in the bank is going o get chewed up very quickly and if they do get some good drill results from Goldstone they won't have any cash to do anything with it.
5 years of torture is over. What a relief. And a sizeable tax write-off to boot.
Busting.
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