13% gap up at open?, page-6

  1. 4,802 Posts.
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    Its still oversold. Waynes preso was right, the slump was driven by fear, and the elements driving the fear are slowly being mitigated, so I think we will see 3c soon.

    If and when company becomes cashflow positive we back up to 5c and then if the deeps can be tapped we get re rated to true value.

    Once we get the funding, it all becomes a question of efficiencies turning a profit. There arent any more excuses to be had now given Byrnecut is doing the metres.

    Need to check what the updated forceast is for the FY. Im assuming it will be less than Waynes previous forecast.
 
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