Gold at 2 month high after rising US$16 overnight. AUD has fallen almost 3cents=4% in just 3 days. It could soon drop below USD70cent level... the lowest in years.
Net result is POG in AUD is booming at 1553/oz and Aussie miners reap the benefits. This in turn strengthens mining engineers such as SWK who work everyday in our underground gold mines. Just as SP of most gold stks is rising significantly, I expect SWK to strengthen as mkt realises advantageous situation facing this company.
Plus we have buyback clearing up anyone who needs to sell in a hurry. 14c not too far away imo. Very few sellers indicates faith of shareholders.
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