Ann: High Grade Results Lifts Redbeard Resource, page-10

Hi wgdt72,

I don't disagree with your chart but for the distinquishing factor that the indicators you have there (RSI, stochastic) seem to be leveling off well beneath overbought levels where you'd usually see a bigger drop in the past.

The upshot is that MOY now say production may have been higher than expected and if you look at the AUD denominated gold price over the past 12 months it has been enjoying higher highs and higher lows over that period.



I'm not disagreeing with you, but my view is that the company pre-empted the lower production quarters by getting the market ready..... What if the production levels and realised price outperform the market's expectations?