Retail Block List, page-69

Difficult times GoldPirate, but there are plenty of positives also:

1) the offer needs to be “in the ballpark” as you say, AND Management have made the strategic decision to build value at pace through recruitment, financing, pre-development, aggresssive and ongoing drilling, step-out and exploratory drilling, condensing the mining schedule, building a bigger operation. Mr Hyde seems very conscious of growing the value of this project, I believe he said he’s learned from past mistakes. Any future offer will need to reflect these recent developments;

2) POG under pressure for now, BUT for same reasons (Strong US Economy - Debt fuelled growth without inflation???) so too is the Aussie dollar. We are enjoying significant protection from the hit on the POG due to AUD weakness.
Falling POG will also make many marginal projects/producers uneconomic;

3) We are getting some bot (uptick) support which makes for a nice change. First time I’ve seen it work for a stock; and,

4) We have Eshmun