I see the gold price being fantastic for many years to come so we will eventually have our time in the sun! But we need a new management team to get it done Imo. One management team can only have so many chances. They are all up now.
You are right, the share price traded in the 10-13c range for a few years so many holders will need those prices again to break even. Not many holders chose to average down at current levels because the management situation never changed and the broken promises of gold production continued.
I will admit I averaged down substantially but most of my top up buys were in the 4/5c range. It is a shame I didn’t have that spare cash to average down in the 3c range right now, knowing what I do now in relation to current record gold price conditions and cannon production beginning in Q4. I really hope they stick to their word this time around and we might finally see some positive action for the share price.
Also where is the buying from directors at these lows? Time to show some confidence and put their money where their mouth is if they want any chance of sticking around past November…
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