how much lower can we go?, page-7

We can probably go a little lower if Greece votes against the bailout package, and leaves the EU. Basically it's the EU story and a slight Chinese slowdown effecting us at the moment. If you're confident in our asset base and our story, it's a good time to be topping up.

The most important things to remember are;

We have the cash in the bank to ride out these downturns, meaning we don't have to raise capital at these prices. We can just continue on our merry way progressing our projects towards production. When the worm turns and the EU settles (hopefully), we will be sitting there with projects nearly ready to go, a nice JORC, and great feasibility numbers.

We aren't going to be picked off and taken over by another major at these low prices due to our strong and supportive share register. Any low ball bids will be laughed out of the room by M&G, Blackrock, & the Directors who hold nearly 40% between them.

My thoughts are that we are going to be a low cost producer given where we are situated, meaning we are still going to be very profitable even if the IO price falls below $100p/t.

Infrastructure is already in place, meaning that we aren't going to have any SDL type prblems with funding.

I personally topped up again at $2.20, and will sit out until after the Greeks have their vote to see which way the EU may go.