A textbook Steinepreis pump, and dump. Be aware Ascent Capital have been selling down recently and don't forget Matt Woods spruiking of IBR. Nick Lindsay what are you smoking?
The less than expected inferred resource of 0.78moz at a grade of 0.45g/t Au , a low gold grade by anyones standard, is a pretty underwhelming announcement. The 1.52g/t grade gold equivalent is still mediocre.
I'm pleased I didn't buy into this, although I did look at it a few weeks ago as a prospect, but there are better gold plays to invest in..... DRK, GMR, SAR, ERM, .... time to move on
JS (Unicol77- 214)
A textbook Steinepreis pump, and dump. Be aware Ascent Capital...
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