I agree completely Rockford. I've written before that I've done a lot of research on David and crew - yet have not had the opportunity to meet him as yet. These guys would not be out digging in that terrain, in that heat (as you said) unless there's a lot of shiny stuff in the ground. I've also done some research on the belt formations in the area and it all looks promising. Last I heard, the guys were pretty sure there's a lot more gold down deeper (which part of this drilling campaign is targeting). If that's proven... re-rating is an understatement. This is a dead-set sleeper that is VERY tightly held. After the last grades were released, there were NO sellers for a period of time. The rights issue has increased the liquidity (through number of shares), but it's still approx. 75% held by Top 20 from memory. And those in the Top 20 are there to see it through as far as I can tell.
I'm happy for this to stay under the radar for a little while to be honest. I'm in for the long haul - and I wouldn't mind getting some more when the cash is available.
Good luck and lets see what the next couple of months brings.
SHX Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held