Leave the gold in the ground. Its still an asset. The reason for the sell off is valid and largely for the reason you outlined.
shareholders scared the board is going to burn through all its cash developing it. If the board came out and said, we arent proceeding at this juncture, we will leave McPhillamys in the back pocket whilst instituting a buy back programme we would be golden.
Ann: McPhillamys Gold Project Definitive Feasibility Study Update, page-34
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$1.76 |
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Mkt cap ! $1.329B | |||
| Open | High | Low | Value | Volume |
| $1.74 | $1.77 | $1.74 | $6.037M | 3.427M |
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| 7 | 78838 | $1.76 |
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| Price($) | Vol. | No. |
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