Glad I bought some not long ago at $5.00, was kicking myself I didn't get them at $4.60.
Only reason this was so low is due to the temporary fall in production which was due to 4 factors which were basically out of the companies control OR working towards their future:
- Fire at mine
- Large rainfalls displacing tanks
- Death at the mine
- Upgrades for future production increase
All of these issues weighed on the share price but are behind us now, as this financial year returns to 100,000 ounces or more of gold produce and the increase to 200,000 just around the corner, theres no reason this can't improve to its previous highs of approx $8.50. If gold price can stay at or above current level's a $10.00 share price wouldn't surprise me in 12-18 months if I was being really optimistic.
DYOR
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