Just reading between the lines, if X64 was tightly following GDX, then why place it on a trading halt?
Based on your hypothesis and the correlation shown in your graph, X64 would have appreciated by 20% and be at a price of ~70 cents now, correct?
Shareholders could have sold at their own discretion.
Half-yearly reports are still pending.
In conclusion, its better to dump X64 shares and buy GDX instead.
At least it does not get put into a trading halt and it's mine hijacked.
My immediate concern is who is really running the CoO mine and who has access to the sales of gold and receipt of monies.
Just reading between the lines, if X64 was tightly following...
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