Gold now over $1600, that is actually a very good price compared to its historical value, Gold miners should be making record profits and dishing out the returns to share holders.
$30mill is $30mill, for a small cap, that's a lot regardless of how spin it.
miners out of favor, but they just keep chasing expansion instead of returns, then the situation changes and they find themselves with a load of debt they can't service.
I continue to watch, best hope for Gold, Cyprus bank collapse followed by Euro contagion, Gold could get really hot then.
DYOR I make wild guesses.
SAR Price at posting:
30.4¢ Sentiment: None Disclosure: Not Held