I believe the current drilling program at kavanagh is due to be completed by March/April 2014. If the results are good, I believe they will be embarking a further 6 months drilling program.
The things to consider with the stock if you are looking to purchase more include:
1. The price of gold is currently on a downhill slide an it doesn't look like letting up anytime soon.
2. The SP has a history of trading lower after a capital raising
3. The company has history of raising capital after capital, so there is a chance they will be asking shareholders to put there hands in their pockets again at some stage.
So if history and momentum is anything to guy by, the SP should be trading below 2c at some stage.
TAM Price at posting:
2.2¢ Sentiment: None Disclosure: Not Held
