no we are not at a fair price, we are a bargain, so keep buying, the entire gold sector has been extremely undervalued, and in due course it will go to the other extreme or at worst back to the mean, we are very close to a multi year gold bull market, so enjoy the bargains while you can, we are presented with a once in a generation period of extreme valuations. G McG has nothing to do with the market forces of gold or the GDX or any algorithms or efts that trade the markets.
It would be a shame to see people having held on so long for proper valuation of the sector to drop their hand in the early stages of a massive rerate that will come, we are on the verge of, or already started GFC2 and the only way out is more money printing,
I can tell you now, i would personally not be having any type of party at all to see GMcG retire, he has built all we have now from the smell of an oily rag.. from a small deposit in lake barlee that previous mgmt couldnt monetize.
Look at where we have come from.. kicking up the dust to owning our own fleet and mill and all that without any lucky breaks of bonanza grade finds, just persistent hard yakka and keeping perservering at building the resources and getting the most out of them to expand LoM.. yes we have had to suffer lower grade to save the LOM and consequent higher AISC.. but i think we are over the worst of that now and i expect next years production to be closer to 35koz with improving AISC or at worst offset rising costs in other areas such as energy or workforce.
And who knows what elephants might present themselevs in TE to really put some fire under the shareprice.
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Mkt cap ! $86.40M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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10 | 868071 | 2.3¢ |
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Price($) | Vol. | No. |
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2.4¢ | 815122 | 4 |
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No. | Vol. | Price($) |
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10 | 868071 | 0.023 |
15 | 4873447 | 0.022 |
6 | 765047 | 0.021 |
5 | 4976841 | 0.020 |
1 | 30000 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 815122 | 4 |
0.025 | 2449445 | 9 |
0.026 | 2336521 | 4 |
0.027 | 125000 | 1 |
0.028 | 3083333 | 2 |
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