hmm... seems that $1.47 was not even a blip on the way down...

hmm... seems that $1.47 was not even a blip on the way down today.
All good about the amount of risk etc. The stock is def out of favor, I do want to take a position, but... still undecided about what price to bid. My gut feel is about $1.30, no chart justification, just... going from MC and production profile. That indo investor must be pretty grumpy after the placement at $1.89!

@bizzo - I think you are probably right over the longer term. But so far, even after they bought out the contractor, we have not seen costs come down dramatically, when that was the whole reason for buying the company (something that no other gold miner in Aus has done that I know of).

18 months should indeed be long enough for them to start adding to their cash balance instead draining it quarter after quarter. Lets try and find this thread late next year