re: Ann: Interim Financial Report for the hal... "TA budgie? I...

re: Ann: Interim Financial Report for the hal... "TA budgie? I really dont think there is any need at the moment. Daily weekly and monthly are all showing down trends. why post a chart at this point, what do you want to see??"

I hope not too many bailed out a few weeks ago based on all those down trends.
Not that we can't move lower again- or move much higher.
All this volatility makes picking the sp in a few weeks time a lottery regardless of current price direction or the chart.
A few weeks ago the charts were pointing down, now we are up 28% from last months low.
Good luck to anyone that thinks they know where the sp will be in another month. Mid 3's again, around the current price or mid 5's or 6's again?

We are now back within the long term up trend channel.
Do we go below again or trend up to the top of the channel over the remainder of the year?
I don't think the chart is going to tell us.
It will depend on trial mine results and as long as they are at least reasonable maybe exploration results as well.
If trial mine results are better than expected, exploration won't matter as much.
If trial mining comes up with much higher than expected grades, I don't care what the chart looks like, the price will go up as long as markets aren't collapsing at the time.
Management is confident but thanks to the nugget effect no one knows for sure exactly what grades the trial mine will come up with. If not even the geologists know how can the chart tell us in advance?
In 2009 the low was half a cent. In 2010 the low was 1.6c. 2011, 2.4c, 2012 and 2013 its been 3.5c.
Basically we are seeing strongly increasing prices with a hell of a lot of noise along the way including multiple peaks ranging from 5c to 8.2c.
Anyone trading this stock could have made a lot of money along the way. With all the volatilty plenty could also have lost a lot of money. Anyone fortunate enough to have bought near 2009 or 2010 lows and simply held will be doing very well without any trading. In another year or two hopefully everyone currently in and happy to hold as long as everything is progressing well will be sitting on big profits. With $50mill cash flow expected out of GH alone (50kozs out of over 700koz resource) the odds are looking good.