The mining stocks are continuing to be of little interest to investors.
Fund raising is difficult now (see RXM) yet expenditure on drilling has to continue.
Tax loss selling is now starting to tell on good companies.
Peel seems to have found a low water mark at about 60 cents.
Once the financial year is ended I expect that there will be a gradual increase in price until more good drilling results are announced.
For those with a little cash now is a good time to pick up a few more.
Ann: Further High-Grade Assays from Southern Nights, page-40
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