It's likely in the long term this stock is screwed. Price of gold doesn't seem to be going up, we don't seem to be finding anything of worth in Africa, and we're quickly running low on our digging funds.
On the bright side however, the short term of this stock looks good;
Notice the stock bouncing off a 0.12~ support. This stock is absolutely notorious for bouncing off a support up to 0.25, only to fall back down the following week.
Mix that with a well timed announcement and this could get up to 0.03 cents within the next few weeks: (Scroll across)
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- bgs on the way back up
bgs on the way back up, page-8
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