gold $1230... sihayo continues to disappoint

Really cant get my head around how badly we are underperforming against record high GOLD prices:

15/10/09 SIH peaked at 10.5 cents GOLD price was US$1053.50

Since then continuous solid positive announcements have been made, from extension of COW, 1 shareholders taking 40mil shares at .07 to a new high grade gold zone discoverd within the resource, but SIH share price continues to dissapoint shareholders failing to make any decent attempt at cracking Oct 09 highs:

10/03/10 SIH announces infil drilling hits Higherst Grade Gold to date at Sihayo 1 North, share price after months of draining downtrend opens very strong 8.5 cents then rally fries everyone SIH closes 6.1, GOLD price US$1120.50

15/04/10 SIH announces further high grade gold infil results confirming a new gold zone within the resource, also announces Old Camp drilling has commenced & Updated Jorc Resource Estimate due late June, share price opens strong 9.6 but once again rally dies quick share price closes 8.5 & dies off over coming days, GOLD price US$1154.50

12/05/10 GOLD PRICE HITS RECORD US$1235.90, SIH barely attracts the market interest & struggles to even pull out a gain for the day closing .002 higher at .08


SIH continuing to be one big disspointment considering where gold is & how much SIH has advanced the past year, share price games look to be taking place for months now with 100,000 share sell lines consistantly appearing on screen each time SIH attempts to advance forward, management to date are ticking all the boxes for on ground work no complaints there, but really letting shareholders down as they have not attracted the broker/insto/retail interest this stock deserves in the current strong GOLD environment & the strong run All Ords has had the past year.

*GOLD $1230
*SIH project Indonesia, Cash in Bank $4.3mil (not including options exercise)
*SIH shares on issue fully diluted 543,676,924 market cap at .08 $43.5mil
*SIH resource 1.01mil oz inferred GOLD, enormous potential to increase resource with multiple untested targets, resource 75% owned SIH 25 % owned Antam
*SIH resource soon to be upgraded to measured/indicated
*SIH discover new gold zone within the current resource that has potential to extend outside the resource
*SIH not affected by rudds greedy new tax
*SIH to begin exploring outside the current resource with high potential to substantially increase the resource
*SIH directors all hold substantial amount of shares
*SIH targeting production early 2012 with potential producing cost US$440oz vs US$1230oz gold price, exposed to the right sector at the right time

Even though all the positives we just continue to wait & wait seems to be the life story of SIH:



SIHAYO 3 Year Chart