fundamentally oversold, page-14

Theon, it would be hard to see a takeover anywhere near these prices... I dont think the majority shareholders would take it considering what they knocked back previously.

The big question is do they do a share buy back or plunge all cash into Gold 3?

I would like to see them back up at around 10c to protect from a takeover, and I think a buy back would achieve that before further investment in infrastructure.

My bet though - Gold 3 will get the green light and the sp will flounder for the rest of the year, and your sentiments will spread and perhaps get up. Bottom line, since they seem to be in better relations with the gov't, one would think they are safe as an entity and can only move forward.

With Gold looking likely to continue to head nth, the books must be improving by the day.

No hedging and now Gold 2 should be at full production, the piggy bank must finaly be filing.