Ann: Quarterly Activities Report, page-28

Gold stocks down and Doray took a big hit, fundamentally can't be explained,  share price should have at least remained static, looking at the report again

hedged at $1584 however Doray received an average of $1634 per ounce - not bad
cash on hand increased by $4.1M this quarter - not bad
net debt decreased by $1.9M this quarter - company choosing to retain more cash
really good exploration results with more to come - beneficial result

The only conclusion is anyone buying at this level should do really well or we lose out to whoever is hovering.