looking the goods, page-4

  1. 356 Posts.
    I am just as perplexed ???

    Why the relentless selling ... anyone ???

    We always mangage to end at or near the days low after promissing morning beginnings.

    Some possibilities

    1 The price is being supressed so someone can do a cheap takeover

    2 next lot of warrants , although still months away.

    3 someone wanting to trigger stop losses so they can accumulate cheaply

    4 someone knows about upcoming news which aren't to expectations

    5 Distressed seller because of financial situation, although most should be gone by now

    6 Anything other which I haven't thought of.

    I am still keeping the faith, management appear competent, last month we produced over 8000 oz x 12 which gives us the 100,000 annual ramp up production.
    Gold fetching between $ 1200 - $1500 per oz over the past months so we MUST be cash flow positive, surely it doesnt cost us $1000 per oz to produce.

    So I ask again, how can a company pruducing such quantities be selling for 25 cents.
    As far as I know we have good ore reserves, additional exploration should begin in the next few months with more upside.

    No capiche ..

    Jes
 
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