Hi EAR punters, Gold price back above $2200 oz and Saudi oil strike and US rate cut appear to be giving it steam. The driving forces of scarcity, negative interest rates, safe harbour(geopolitical crises) all driving gold price up. It doesn’t always move up, but can pull back before rising. Physical gold would be the best to own, but many small caps in gold rise more quickly than the price increase. EAR could be a goer without NST and our parasitic BOD. We have a mill that can be in production in 6 months. Cash flow around another 4-6 months depending upon gold price and Billy and BOD trying to sugar coat a manipulated price, with an offer that even with basic arithmetic doesn’t come close to Datt’s 40 cent initial reasoning, or 50 cents for a premium. Keep your shares and see Billy’s next offer as still not his last. Happy to negotiate when it look’s like better value.
EAR Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held
