Last I heard:
1. The 1 million + ounces of gold was still in the ground, and hasn't evaporated.
2. They are progressing the feasibility study to be completed 2nd quarter 2010.
3. They are investigating possible arrangements leading to a TSX listing, and are focused on the financing of the mine.
4. They project a profitable operation from Touquoy and Cochrane Hill mines.
5. I haven't seen a 'don't buy' notice issued!
6. They are still run by the same people that turned Plutonic from a $45 million to a $1 billion company at takeover.
7. They envisage the areas they have under exploration have great potential for new gold discoveries.
Etc etc etc.
Perhaps I'm missing something but can't see any reason to sell at this stage.
Would be interested in others thoughts-other than the fact the directors are not 'hot air blowers'-hence no cushions of air to hold the share price up.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
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1 | 16000 | 0.060 |
1 | 8000 | 0.055 |
1 | 20000 | 0.052 |
1 | 115000 | 0.051 |
Price($) | Vol. | No. |
---|---|---|
0.069 | 86507 | 1 |
0.076 | 50000 | 1 |
0.080 | 50000 | 1 |
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