Guys, don't be fooled.
This could go lower, much much lower.
It is way way overvalued in respect to production performance.
The bots fruitlessly tried to hang for couple of days but to no avail.
The market has good faith & belief on Mr.Cook but looks like that perception is changing.
Series of poor performance might have dented that trust.
There is no real buyer for this stock.
I can't believe my luck getting out with my arms and leg intact and a tiny profit.
This is asking for blood.
@speculator101 and @loki01,
Do you guys think a dip below 1.00 is on cards by the time of quarterly release.
To not mention production figures with the last announcement is a sign that the numbers are horrible.
The rise in gold price will not help here.
The company had around 100 million when they separated from MLX in 2016
Cash injection of 67 million from GEAR in 2017 and
Another 80 million from NST(Sale of asset) 2018
How much money is now in the kitty!!
Lot of shareholders money has been destroyed so far.
I gathered faith when the number one insider Mr.Cook bought $790 K worth of shares on the market.
(At least he put his money where his mouth is). But all the recent developments have made me very nervous. Not looking good.
Ann: CY 2018 Gold Production Guidance Update, page-10
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Last
$2.80 |
Change
0.030(1.08%) |
Mkt cap ! $2.527B | |||
| Open | High | Low | Value | Volume |
| $2.80 | $2.82 | $2.76 | $9.255M | 3.316M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11822 | $2.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.81 | 48779 | 5 |
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