It is all uninformed speculation.
Some like Barry Patterson probably are a bit more informed than us fools
When Barry bought 2 million at 49 cents I took notice.
Before then things looked bad...gold price was low and looking to go lower
mining was falling apart with contractors leaving
Debt was higher and looked like a CR was inevitable.
Most buyers were buying in hope.
I bought only on the belief that it was worth
more than the market cap to other gold miners.
my thinking was worst case a take over that I could profit on.
No expert but been around long enough to sniff out a profit.
I think $2 will come if gold holds at current levels.
Cheers
DCN Price at posting:
$1.49 Sentiment: Hold Disclosure: Held