Sitting on just under12 million shares at 1c due to taking part in the recap plus buying the weakness.Sold enough in the previous rally to feel good.
excellent deal making by Mr Rigg. WA gold projects are on the nose due to costs and skill shortage. last thing you want right now is to own a WA gold mine in production.
In addition gold equities are at a cyclical bottom based on the GDX . So you spend two years drilling and if the gold price rallies to say $US2500 plus you are cooking with gas. MR Rigg might have been thinking sell a triple boosted Nevada resource to First Majestic in a couple of years and reinvest the cash at Golden Dragon , it's a great junior gold play though they will need cash in 6 months for drilling Nevada
AWV Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
