Was a little surprised the share price didn't get a bit of a boost when the French waded into the conflict.
Judging by the price action, in view of the relatively range bound gold price, the market presumably thinks Mali will continue to deteriorate. Maybe it thinks the French will get stuck in a drawn out dirty conflict like Afghanistan or Vietnam, where there were / are no front lines and an enemy that wears a uniform.....don't really know.
Still, reckon a share price closer to a dollar would be a stellar risk reward proposition,, but it's highly unlikely to get that low.....I think.
PIR Price at posting:
$1.49 Sentiment: None Disclosure: Not Held
