re: Ann: First Gold Pour from Kookynie Gold P... "If big dollars hit the bank account it will promote itself"
Yeah agree, if it does happen we won't see that until the qtrly period ending June 30th report is released though. If the bank coffers start filling up and cash costs per oz are in line with what was reported or lower, then it will certainly reflect into the share price.
At the moment the market isn't convinced and is pricing in the risks generally associated with companies moving into production, especially taking into consideration the high cash costs per oz associated with this one. We may see a spike in the share price though taking into consideration the lack of sellers out there.
The recent gold price activity is also spooking the gold equity market as well. I feel we could see gold heading lower over the medium term. IMO a lot of manipulation going on it the precious metals market so thats a tough one to call.
Hopefull this time next year the share price can generate a smile hey ladies!
All pure speculation of course.
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