The current SP is due to the sell out of small S/H`s who have lost patience.
I agree with you that it won`t take much to see a sudden price rise back to 50cents. The latest drill results were quite good I thought and surprised it did not rise. I think there is too much uncertainty about the average grade of gold they have and the high cost to produce it. After learning that there is not 4mill ounces of gold in the ground and no comment about what there is is not helping the company.Even though it is a completely new company with a new board of highly skilled and respected Directors who have clearly stated in detail the future plans of the company has failed to attract long term investors.
What will see the SP increase? I would like to see Directors buying up the loose stock that is available now. Putting their money where there mouth is. It would indicate some confidence. At the same time I have no problems seeing Directors taking profits at 50+ cents
I also expect that once it is very clear what the grade of gold is and they have a proven economical resource a road show presentation will be on the cards. Probably not before April so a lot of patience still required.
So come on Directors buy up big time now and show confidence of what is in the ground.
BLUEBOTTLE.
The current SP is due to the sell out of small S/H`s who have...
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