Good volume today. Very interesting considering the historically low volumes traded. This was in excess of 1% of the total number of shares on issue. Looks like buyers have entered the market, which is not surprising considering the disgustingly low market cup of 14mil, 1 mil ounces in the ground and the POG at USD1,000. Correct me if I am wrong, but the in-ground resource value is curently 1mil x USD1,000 = USD 1billion. Just compare it to the market cup of $14 mil Australian (and they still have cash in the bank!).
The sp needs to hold for a bit longer or go up to break the down-trend, though. The management also promised some important announcements in the near future. This share should not need any good news... it is so undervalued... but let's hope for some good news ;-).
Cheers,
Dratoz
Good volume today. Very interesting considering the historically...
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