Have to agree with you stash. Many (if not most) Australian retail investors are not in the market now and haven't been for some time. Evidence of this is the relatively poor performance of the All Ords when compared with the Dow.
Result: institutions have the power to manipulate prices, and it's all too easy for them to control small cap prices. Ultimately they will want to capitalize on the real value of PGI, but the timing will be their call, and only then will we get our share of the action.
Also, news of the decision not to proceed with Azuay cannot have helped. The company name change from Envirogold was prompted by the plan to develop oxide ore projects. Now we are back to sulphide ores and the Albion process for the forseeable future. Not necessarily a bad thing IMO, but a significant forward planning shift like this is sure to unsettle some.
GLTAH
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