Its not manipulation. Its the dodgy market shaking the tree a little. The stock is getting hoovered up again and will until the bid turns up. People have made money out the stock and are using that opportunity to lock in profits encase things get worse. People will sell the winners to make up for the loses.
The preso said that the company can produce 400,000 oz of gold at $1,074 per ounce. That means EAR can produce 100,000 oz pa for the first four years and make approx $60m pa (over $1m per week). The resource then remains open on slightly less margin. Its a complete no -brainer in the gold space. This drilling and reserves are building with every hole. I bought another 200k down here, i like cheap stock like this and the overall market is the only reason its so silly cheap. Dont worry too much about the day to day nutty stuff, shes a cracker on the preso numbers and NST have worked that out some time ago. The world has no reason to end and the markets are factoring in a rate rise or two upfront. All healthy form where i sit. Please dyor
EAR Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
