The share price was trading at 70c two weeks ago and closes 27c today
this reminds me of the situation Crescent Gold (CRE) faced only just last month. The share price fell from 8.2c to 2.8c. CRE was pushed down by big seller only to be bought back up again and within a few weeks they are now back to 6c.
they have 2.3MOZ resource base and we have 3.2MOZ
they have 1,000M shares on issue and we only have 172.61M shares
Yet we now have a lower MC than CRE
Like them, all we need is positive drill and we should recover back to mid 40s in a matter of time
this stock was trading at 1.30 only just a few months back
I'm holding on !!
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