Gold moving up from its triple bottom c. $1180 currently $1234.
Westoz has increased by 4.6 million shares since 15/7. Before that it was reducing. (Holding announcement yesterday)
Q1 results to September likely to be favourable as production has been released early in line with Geoff Davis' video interview and company guidance.
Q1 production already announced at 21k oz.
Large buyers on the order book eg 1 x 400k @ .74
Buy side write ups appearing eg SA PRO
Sp in the process of bottoming out in 70-79c range?
Rob Gregory, mining engineer, appointed in August to review operations of the mine and report to the Board, probably in the next month.
Formerly CEO of Rusina prior to takeover by ENK. Operations in Luzon, Phillipines
MD of European Nickel (ENK) prior to takeover in 2012.
He has plenty of recent experience in The Phillipines and wider relevant experience before that.
This could be a try out for Rob Gregory to take over as CEO from Geoff Davis who has stepped back into an exec role for approx 6 months out of retirement from early next year when the main issues at CO-O will have been understood and be in the process of being dealt with.
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