Overvalued when it went over $3, so my guess is that some people realised this and sold to pocket profit, and then some panic selling came in when the wave of people getting out got bigger. Imo this is one of the best run gold plays on the asx, so deserves to be at a premium because of this. Current SP is a reasonable reflection of the company's worth and we should see incromental increases as newsflow happens and company grows.
Personally this is one that I put in the bottom drawer.
Christopher
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