Hi All
Given how critical it is for this company to turn around I will release a new topic when I see a trend of new low showing.
4.3 and 4.4 has been hit several times over the last 10 days trading.
It still is trending down, the rate of decrease is slowing.
Any bad news would could the continual drop to reaccelerate.
A mediocre production update or failure to update the mkt le holders expect of monthly updates will signify a CR is needed (yet another one) and SP will drop in a sudden from there imho.
This is a high risk but rating imho with all things known and unknown at the 2 c-2.5 cent range as it factors in where the SP will go with the next CR.
It's a strong sell now since we know July production is poor (a lot less than 500 oz), they dont have all the funds people thought from the last CR (1.6 million still owed)..
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