Firstly this stock is highly unpredictable at present and it takes a brave man to predict even a forecoming weeks price.
Although I generally agree with you. But there is also no reason a new announcement could come out with drill results showing bumper grades again and the share price will run into .50's again. Or even the opposite with unfortunate low grades and a drop into low.30's. We all know what we would prefer. I would not be suprsied to have 30%+ changes in the share price again this week inviting plenty of short term traders to trade some EKM.
Not sure I agree on the latter part of your post. With the whole Greenstone belt at our disposill and huge amounts of unknown drilling to be done the gold resource we could possibly be sitting on is so unknown.
While there is a chance it may not be what we hope there is also a chance we are sitting on another Tropicana which is not too far away. I would like to see EKM resist the oppurtunity of producing if that size resource became apparent.
The presentation outlines the potential very well and EKM have done a great job showing it to potential investors.
Just some thoughts.
Cheers Goldie
EKM Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
