Thanks John. It is probably one of the greatest mis-pricings of...

Thanks John.

It is probably one of the greatest mis-pricings of a gold stock I've seen in the last 2 years. I can't think of an occasion where the market has been so caught out on the upside (aside form takeover offers). Management also looked like they wanted to exploit the mis-pricing and make a statement releasing all these announcements simultaneously.

As I said to @eshmun a few weeks ago if I can get within 10 cents of the picking the bottom I'm sure I'll be happy in 6 months time (coincidentally I averaged in about 10 cents from the bottom).

I did catch the tail-end of the analyst call this morning and the exploration budget is 10-12M Mark Clark said. The analyst questions section doesn't appear to be in the recorded version on the open briefing website unfortunately. There was also an analyst question and answer about franking credits but I didn't quite understand it.

I do think there is potential upside in the production numbers and will do a bit more analysis of this on the weekend. Before the last 18 months Regis was one that always tended to under-promise and over-deliver. Someone did ask a question about the Erlistoun deposit near GW and if it was the mining schedule for this year and Clark said they are weighing up all the satellite deposits and it wasn't yet decided. It'll be good to see some resource numbers around the prospects.

I still think the company wants to make an acquisition. The McPhillamy's deposit has fallen off the radar a bit and the lack of discussion to me shows that they are pursuing other medium term options for growth. It would need a share price >$2 though to avoid too much dilution though.