Ann: Trading Halt, page-21

This is an open cut operation until we’re cash flow positive. There has been no drilling below 400m on the whole Dalgaranga project, with the gold grade increasing at depth.

I spoke to the company about a month ago now and they have no plans on deeper drilling below the pits until they’re well and truly excavated.

There are some good targets near surface close to existing infrastructure, with more drilling you should see the mine life extend based on the last drilling announcement.

The two big dogs from Gold Road and Evolution Mining would not have joined the company if it was in dire straights.

Was a great day to be in a trading holt, not sure what’s on the horizon coming out of this halt but I can’t see this going below the 52 week low of 22.5 cents.

Share price will flicker in the high 20’s until production run rates are achieved.

Gold stocks are a fairly safe bet at the moment due to most of the ASX getting affected and dragged down by the financial sector.

Leading up to the royal commission report into the banking industry being released in Feb 2019, low household savings rates and higher inflation some very bleak months are in store for the Australian market.

We might even have another Lehman Brothers scenario the way things are going with AMP.