Share price, page-12

People freaking out, rightly so, a couple of holders panicked and sold out and now we are in a bigger pickle now, well below 2c! Management have been slow in getting any work done and we missed the opportunity to capitalise and re rate when the market was in its prime unfortunately.

Now it’s going to be a big challenge in returning to profits for many holders, 3-4x current value and potentially more. Imo it’s gold and tenant creek that can save us. Gold starting to gain traction, reversed off its lows and grinding up almost at $1800usd now. Imo it will be back to $2000usd by the years end. Then well above that next year.

There are way too many factors at play which will drive gold higher - The recession confirmation in the US and most other countries in the world, delayed covid issues, which seems to be ongoing, record deaths and hospitalisations right now. Add in Ukraine war raging on and Taiwan/China on the brink. World energy crisis and many countries in Europe now announcing they will need to ration for the upcoming winter months. Finally, monkeypox entering the Realm and emergency situations announced in some US states and Australian states also talking tough and ordering 450k vax doses.

The show goes on and the economy will continue to suffer. Every rate rise is a step closer to the housing market crash. Once that is in play, the money will definitely heading the way of safety - in gold and silver. Hopefully by then tenant creek drills are firing big time and constant news coming in. All is not lost and imo we will have a big reversal in line with the gold price in the months ahead. Hold tight imo!