Yes, I often hear people say that the market is always right....

Yes, I often hear people say that the market is always right. However, I actually think the market is rarely right. There are many examples of stocks in our market which are way over-valued and many which are way under-valued. Just have a look at Jubilee Mines... a classic example.

Frankly, the imperfection of the market is what keeps me so interested. If the market were always right, there would be no opportunities.

I got the distinct impression from the AGM, that between RBC and the exploration focus, things are going to happen. I am holding, and if there are any dips I will be buying more. I have a 12 month view on this one, and as the MD said at the AGM, this is going to be a very different stock in 12 months time. Some stocks are for trading, but I think this one is to be sat on like Mother Hen.