position yourself, page-3

I have just come across this share this evening while doing my regular market research. My opinion on the sp is that the market is not overly keen on small low grade gold resources at the moment. A big rise in the sp earlier this year appears to have a lot more to do with uranium than gold.

I do however not see much more downside potential in this stock, what it needs is to continue with the drilling until we know what kind of resource base we have. Then the market will have some sort of idea of how many ounces they are sitting on.

I personally do like the idea of close to surface resources which are easily and cheaply extracted by open cut methods, so I will be monitoring closely with the possibility of investing soon.

It is interesting to note that nearly 5% of the companies shares traded today, which means someone is selling!!! But at least people are buying.

A bit of action with the uranium would result in a bit of sp movement i am sure.

Good Luck to all holders