Pulled from 18th July announcement.
I had been a holder for some time but this company and the things I am seeing have been rubbing me up the wrong way. From the constant pumping, to mislabelling pyrite as gold despite having 8 geos on the books, to the performance rights going to directors despite termination...
I broke my key rule as an investor, which is to hold long and sold out recently. By no means am I here to down ramp as I am following the story closely, but this is another indication that things could be handled a lot better. With gold at all-time highs, and near term/gold producers providing better returns, the risk reward here just doesn't stack up in my opinion.
Nonetheless, if management can continue to grow the resource (very likely given the drilling results) and get together a toll treating agreement, this should still handsomely reward investors who have been accumulating at these lows.
Good luck to all.
PS
