Well mwah67, with all the gold exposure, just look at the gold...

Well mwah67, with all the gold exposure, just look at the gold price & exchange rate now to know where she is heading each day - gold under US$1300 MLX down but unless gold really pop's I doubt we will see much up side as it rises, until management release their plan & costs for the new producing gold purchase.

To quote the chairman from the 6 Sept 2013 annual report:

"I assure our shareholders that despite the
gold market and industry facing some difficult times, your Company will not be racing out and betting the farm on
any risky developments"

So approx 6 weeks later they make a $40Mil purchase of producing gold assets which had a combined cash cost last quarter (Q2 2013) of $1268/Oz (Canadian I think by the look of the Alacer quarterly but happy to be proved wrong) so at todays exchange rate of 1CAD = 1.034AUS = AUS$1311, when gold is trading at AUS$1380, so a pofit of AUS$69/Oz x 41622Oz/yr = $2.8Mil profit.

Rough figures I know but very sensitive to gold price & exchange rate at present so it's no wonder people are twitchy on the sell button at present.

If management can show it can get the cash cost down and/or gold & the exchange rate move in our favour then great otherwise, shut everything down & ship it off to Rover where it appears the cash cost of production maybe a lot lower.

I'm holding till management put a plan & some figures on the table but I can certainly see why so many are bailing out.