True Rona;We need couple of good announcements, sooner is...

True Rona;

We need couple of good announcements, sooner is better. You are correct, POG is one of the factors along with sell due to TAX offset + BOTS playing up + very few can't wait longer. However, Things are improving globally and so the price of Gold.

If Price of Gold stays around AUD 1300 but Red mountain can nail out bonanza grade in drilling and upgrade resources; IMO being in Philippines out profit margin is still higher than AUS and so the SP should recover.

All we need is resource upgrade. Once we have that we can deal with POG even if it stays around 1200-1300.

ALL IMO.

cheers
JS