Thanks for that NK. A very good summary, which just confirms my reasons for wanting to buy in. Gold price is the real key to everything though. I am bullish medium/long term but you just never know what can happen short term. And as we've seen, gold stocks are not immune to widespread selling, even when the gold price is stable or heading up.
It may well be worth your while doing some research on GDO too when you get the time, especially since you have some history with them and a small holding. Based on their producing asset alone (Modder East) they already will be earning substantial cashflow from operations, with no RSPT to worry about. And they also have at least one very good looking large prospect in Ventersberg (spelling?). The only issue I have with them is that they're in South Africa, which is a political hotbed at the moment, I feel.
Anyway, I don't hold that either at the moment but I do have a bid in, same as NQM & FML.
Cheers, Z.
NQM Price at posting:
22.5¢ Sentiment: Hold Disclosure: Not Held
