Seems like a lot of churning going on to me very hard to tell.6mill shares traded with approx 1 billion shares on issue is a drop in the bucket unfortunately but nice to see it hold 12c level even if artificially.
Given the 10mill oz is there this thing should be 30c plus, so something is wrong IMHO.What we are seeing is the gold is in pods and very hard to mine cost effectively so the market has priced the share accordingly. The funds are not yet available to ramp anything up other than wages and salaries.
We would be ignorant to think that the big boys have not run a ruler over cto given it has 10mill ozs and it would seem they probably put it in the to hard basket. At this stage it would seem all we really have at the moment is an underground rock quarry.
DYOR
My Ramblings only
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