Might be good for the sector and for short sighted investors incl instos (who happily offloaded 80mill shares at 29c - WTF?!?) but then again we have become a nation where long term means somewhere between a few months to a year. I miss the halcyon days of the 80's when a Sons of Gwalia could rescusitate an old gold mine and run from an IPO at 40c to about $15 in under 3 yrs on the back of a rising gold price. Here we are, saying we would be happy with a piddly 40 - 50c soon after confirming we have a cash cow in the making. Give me a break!
EAR Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held