Ann: Gold Mining and Processing Update, page-51

Well done,Ak47ari. If I'd had the readies,I'd have joined you.But it doesn't change the fact that even with the external economic environment now prevailing and its corresponding effects on stock markets, including the price of gold going even higher,our share price has dropped to .058cps.
Why? Because the price of gold has gone UP? Because we've had an excellent announcement? Even on very bad days on the ASX some stocks go up due to intrinsic factors immune to outside influences.

Well, isn't gold in that category?

3,144US

29.50

(0.95%)

Delayed

·

4:36pm 31/03 (AEDT)

DAY HIGH

3,147.00

DAY LOW

3,112.40

PREV CLOSE

3,143.80

52 WEEK RANGE

2,255.50

-

3,128.30

Gold is now over $5000 AU

The only credible argument to explain this counter intuitive share price action is the one that says when the tide goes out everything sinks.But I don't believe this is the case here.If you have a look at the ASX gold stocks, a lot have stayed at the same price or even increased.

Check out the following example from cob today;
db.435.435.428

1			HRN	Horizon Gold Ltd Horizon Gold
2		HRN	Horizon Gold Ltd Horizon Gold	$0.435	+0.018	+4.19%	$0.435	$0.428	24,447	$63.01M	+67.31%
+0.018	+4.19%
3		HRN	Horizon Gold Ltd Horizon Gold	$0.435	+0.018	+4.19%	$0.435	$0.428	24,447	$63.01M	+67.31%
4		HRN	Horizon Gold Ltd Horizon Gold	$0.435	+0.018	+4.19%	$0.435	$0.428	24,447	$63.01M	+67.31%
24,447	.01M	+67.31%
5		HRZ	Horizon Minerals Ltd Horizon Minerals	$0.058	-0.005	-7.94%	$0.066	$0.057	19,812,159	$124.13M	+75.76%