I'll be sweet as holding this over easter. Thinking of possibly...

I'll be sweet as holding this over easter. Thinking of possibly buying more but I only have so much coin to go around. They still have a massive resource for the current market cap. They will have 4 producing mines and possibly 100k+production next fiscal year at a time when the gold price is moving above 1500. For a market cap of around 68m.

No I dont think it's going back to 60c any time soon until we can see some genuine improvement in mine performance but I think it's consolidating down here at 28 odd cents and when some of this negative sentiment washes away it will move up towards the high 30 low 40c range.

I just wonder how many people are selling now who just hold and don't have any understanding of the intrinsic value of the company. The value compared to other gold companies on the asx and are just selling out of disgust at losing much of their money because they dont have a grip on the fundamentals of the company. I still think it will bounce. I don't think this is a good spot to be selling out this cheap but I can understand some people might if they are overweight NGX or if they need the money right now.

We'll see what happens. Currently up 5% in London to an AUD equivalent of 25c AUD. The London price seems to have been lagging the ASX price.

p.s. - i wont be holding in 2 or 3 years but I reckon the sp will be way way higher than at present.