ann: trial mining update, page-20

FMX;
You could have been that negative in 2008 and again in 1998.
Bottoms are made when all hope seems lost.
Massive moves up often follows those types of lows.

When is that low in place? We will only know well after the fact.
Quite a few stocks recently rallied by around 50% off their lows (RRL, SLR, SBM) and yet that was still not nearly enough to confidently call a bottom for the sector.
That tells me that most of these will have to at least double before the market starts to consider if a bottom is in.

I'm prepared to wait it out with this stock because margins look like they should be high even at these low gold prices and I remain bullish on gold long term and I am now getting bearish on the AUD based on bulk commodity prices after quite a few years of strong out performance in those commodities and the AUD.

I was obviously one of those calling for higher prices by now but that was based on a higher POG. The fact that this sp didn't reach 8c by now certainly does not rule it out going forward. Prices are volatile. Large moves up can easily follow large moves down and vice versa. When the stars line up we will see how far this can go.