I agree pete 11, the falling share price despite modest gold production is rather mystifying. My guess is that the price of gold while yielding a good profit for the company, is not sufficient to call it a bonanza, and the gold grades and tonnages are modest. Add to this that apparently the share holding of the company is predominantly in the hands of the institutions, with a small retail component. But your comment that some-one or some groups are determined to keep the SP low may be correct. I have a modest share holding in the company, and am waiting for it to hit 18-20c. Maybe I'm dreaming. If it doesn't happen in the next few months I will probably pull out. On the plus side, the company has kept all promises, and targets and have shown themselves to be efficient managers. So I'm waiting, but like you, but curious about the SP.
PXG Price at posting:
9.3¢ Sentiment: Buy Disclosure: Held
