Inventory levels are at all time highs on LSE. Think we are more likely to see a dip in short term and hopefully if the global recovery starts then we may see these inventories being used and then price movement upwards.
Must admit i am still concerned that HRR are going to be spending 18m on the A1 mine over the next 2 years with only then making a decision to mine. Just think it is the wrong move. Just look at Goldstar - Orion and how long MCO have taken to get anywhere near production!! Just wish the company would revisit this decision to spend any money on A1 as it could be a shocking decision for all shareholders. They should spend time with Andrew King the former CEO of Goldstar and the Garlings etc from MCO to get a real feel for Eastern Victoria gold mining. Very different to WA!!!
HRR Price at posting:
27.5¢ Sentiment: None Disclosure: Held