I think management was so clear in their last update that production will be around 60,000 oz and ASIC around $700. The issue is , the market wants to see evidence of that and gain trust. The other issue is the market sentiment towards gold and market manipulation. If you look across most of the gold stocks, they are devalued significantly, apart from SBM and NST. When the right time comes, you watch, BDR will outperform the market. I am taking advantage of the sale, in preparation for the good months ahead starting in January. We wait.
My thoughts.
Cheers,Sydney
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