Ann: 2017 Financial Year Results, page-103

Hydrogen bomb or Nuclear bomb don't move the share price.
If that would be the case for all the bombs dropped around the world the share price would go to the moon.
Your hydrogen bomb hasn't moved lot of other good junior miners. If it needs a hydrogen bomb or mass killing for my investment to increase in value then with all honesty I don't that kind of profit. I am not invested in SLR or other miners so that some nut job can start killing people and then I will be able to make profit.

People move the share price. Big investors move the share price. It was never the retail trader who move the price. Retail traders/investors are defensive buyers. They will never buy aggressively.
My belief is those same big investors who move the price are hell bent on accumulating. They will keep on doing until they can't. That time would be when other big investors arrive at the scene.....then the speculators/momentum traders/swing traders/day traders/ short term traders all will appear.....you will know it. The share price will tell you..... It didn't require a miracle for the share price to run from 15-79c.


A lot have been said about the high AISC.........honestly I don't worry too much about it......high/low AISC whatever.......if the cash balance is growing quarter after quarter steadily( which it is).......then with the higher gold price it should continue to happen.....i.e the company albeit is making profit.

@fedmelb58- Unfortunately the share price will not go to 2 dollars anytime soon, may never go there.
I also first paid for some shares $2.22 c in 2013. Didn't sold at $2.45......before I knew it the bottom fell out of the gold price.......next thing I saw was like$1.35.... 78c....then 61c. (I didn't even knew what the hell was happening, I wasn't active those days).
Anyway bought at 51c and averaged out and managed to get out with a small loss. That's when I learned about averaging down.(Very dangerous strategy)
Back in Jan/Feb when the gold price was barely 1200.....the stock ran from 51c to 79c....courtesy of VanEck & the traders who front run Van Eck.(These are the extremely smart group of people)
Go back and see HotCopper thread....people were talking about $1, 1.20...and some were even imagining $4 dollars( all time high)

Now the gold price is 1350+ and charging higher........you read at HotCopper........very high AISC, no growth prospects, selling down assets, treading water, no future plans, management are lazy bums......38c is fair price and so on.
When the Average Joe public will be out of this stock.....that's when it will run. I am expecting the share price to be 55-60c by the end of this year, of course gold price has to stay steady or higher.

Big night for gold...lets see if it can hold all of the gains from last week. After a stellar run from 1260-1350 a pullback is widely expected. If it can hold or continue higher that will be the green light for all the momentum public, chart guys.
It's take back Friday, lot of position squaring from New York white shoe boys.
I will be extremely happy if the gold price is above 1350 when I wake up tomorrow morning.


You all have a nice weekend.

This chart is from last Wednesday.
It is fascinating to see gold taking out those mini resistance level one after another....
(The Yellow shaded area)