Thought of starting a new thread but figured continuing the...

Thought of starting a new thread but figured continuing the current one was just as good.

Well the quarterlies came out and here are my thoughts:

1) lots of money coming in (good!) but lots going out too. It would be good to see money going into the cash reserves (which are down a lot) but lots, lots going out. The effective cost per ounce last month was very high, I would seriously hope this goes down in the next quarter. Really with 30koz next quarter at a likely gold price in the 1600-1700 range, the company should be rolling in it.

2) currently moribund on the market at least in Aus. There seems to be a little volume the UK market and this week the ASX has shown a little life, but really the volumes are low. And on the ASX the stock is swarming with bots. Don't know why.

3) Exploration results not awful but not compelling either. I hunted around for a really good grade hidden in the appendices and didn't have any luck. But no motherlode this time folks.

4) I think the results reinforce some previous comments on this forum. There's a general feeling of underperformance about the management and the stock. However at least now it seems to be underperforming at a higher level (!)

What's the trigger to kick the stock off? Hitting paydirt (arrgh sorry I said that) with explorations is an obvious one, paying a dividend would work too. Both of these may take a while.