"Finally, the share price action on Friday on the ASX could only be an underwriter of the new issue unloading stock to offset the liability at $A2.18 when the US + gold markets tanked on the Fed interest rate move.
Trading in Canada was heavy at 2 million+ and a price of around $A2.34."
sums it up pretty well. Gold stocks were getting flogged on friday as the news came out about the rate increase by the fed.
i couldnt help but buy some back at $2.09, $2.13 and a few a little higher. have a look at the chart and it tells you what most people think about the stock.
CI
OGC Price at posting:
$2.11 Sentiment: ST Buy Disclosure: Held