Expectation .115 or more - not so I'm afraid - more a realization at .10 to .105. Goes to show this thing is capped or too low in volume traded. Just when you think it may turn upwards it's brought back down. Certainly rangebound for a while now.
Too much fear at the moment but if the mining rate increases with corresponding good recoveries then the output - particularly copper - will boost earnings. Plus maybe some gold?? Continue the trend upwards and the following quarters' earnings will head back to expected good levels. Oh there's that word again - expectation. Pity the expectation and realization are at loggerheads. Markets have a very vague, if any, understanding of logic. Any logic is flushed down with the share prices.
Even specialist investment analyst target prices are a bit of a joke. Might as well pick a number randomly from a box. I mean, Hartleys has put a target price of 39c sometime ago - plus a further upside for Hillgrove. Canaccord 35c. Wow, we're at 10cish - so a long way to go. However, IF that price were to be realized there would be a lot of happy campers. Oh well, dream on - in the meantime coffee is brewing.
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