Yes mate its looks quite thin overall on sell side, especially from the low-mid 1's which is unusual. Maybe more holders realising theres a lot more to be gained in the coming year or 2. If your not desperate for cash and can hold long term(yes i know many have been in for several like me) why would you get out now? Beats me. You can only keep finding Gold for so long before you either get taken over or start mining etc. Explorers dont go broke. At worst they get mothballed. And thats only when Gold isnt worth much. We have enough cash until 2012,no debt and a real crack at mining if Kelly comes up with only 150,000 ounces IMO. With approx 250,000 ounces with GTS and Kelly for example, if 60% was only mineable(measured/reserve) to start, that would give an initial mine life of 5yrs at approx 30,000 ounces p/a. If there isnt hundreds of thousands more ounces on top of this i'll eat my share holding paperwork. I know one thing, i'll look back in a few years and say i was glad that i held and bought more.
Just my own thoughts.
Scorp
PRE Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
