An interesting days trading! The fall in share price to $0.039c...

An interesting days trading! The fall in share price to $0.039c is again disappointing and escalated more stop loss decisions (which is fair enough). There does appear to be strong support at that level, although with the prevailing sentiment more sell downs are possible. Gold is trading around $1,850 US and hopefully will continue trending upwards. There were a number of times during today's trading where the price looked certain to fall below $0.039c and yet large support came to the rescue which suggests we may have hit bottom for now. However any significant increase in share value going forward will require positive announcement/s.

With little in the way of outstanding drill results to be reported and the new drilling campaign in the Link and Junction targets not commencing until late January 2021 or early February 2021 the current hiatus looks like continuing. The Quarterly Report is due soon and this is a critical juncture where management has the opportunity to provide a more complete picture of not just where they are operationally but more importantly what is planned for the current quarter. Forecasts are always problematic but given the recent lack of news flow it is time to spell out in detail what is planned and commit to regular progress updates for all shareholders.

From a shareholder perspective it is also time to cut management some slack - things go wrong in any proposed work program and constantly criticising management incentivise s them to communicate as little as possible. In saying that if the quarterly does disappoint in quality and content then watch out below!

As an aside it is also well worth managing our expectations - my experience has shown that gradual steady growth forms the building blocks of sustained wealth.