Bracing myself for even more share price pain for the remainder...

Bracing myself for even more share price pain for the remainder of 2014.

I can't see the company rushing to get Kavanagh into production after the disappointing drill results.

This now turns the company's focus to Groundrush, and whilst Groundrush is seen to be highly prospective and the flagship asset, I was of the opinion that Kavanagh was going to fund Groundrush, as Kavanagh is easier, cheaper and quicker to get into production.

Even if there was to be a half decent increase in the price of gold in the near future, I can't see TAM getting into production within the next 12 to 18 months, which only increases the chance of another capital raising at some stage.

I can see the share price heading down towards 1.5c in the next few months.