Nah haven’t sold a cent. AUD gold price holding above 2750, I...

Nah haven’t sold a cent. AUD gold price holding above 2750, I don’t understand the panic.

it seems that we rise a small amount when USD gold price and AUD gold price go up in tandem, but when USD gold price drops and AUD gold price skyrockets we drop significantly, the market acts as if the Australian gold miners have all their expenses in USD. Yes maybe that’s true for diesel, but wages are a massive cost and they are paid in local currency.

the market is a bit messed up and unbalanced, but we won’t be rewarded until the Aussie Goldie’s can start proving that this high AUD gold price will actually lead to big profit margins. So far the earnings reports have been very underwhelming, although I like WGX because they are on a good trajectory to have sustainable profit margins, while being valued way under NAV.

Then add in GCY as another processing hub of high grade ore at never never, we would be a force to be reckoned with. As a large retail shareholder id be happy to see a premium paid to buy GCY, somewhere between 13-15 cents per share would be a fair deal in my opinion. but if they decide to merge with RMS I’d be a little disappointed unless the premium was massive.

I see potential for us to overtake SLR and RMS if everything goes to plan, the next earnings report I would like to see an increase in the cash balance from 140 million to high 140s at least, hopefully that isn’t unrealistic.