This company has had its share of problems, though it is likely to get a re-rating as it moves towards production. I cant imagine the developing heading is more than a few hundred metres away from gold production, so patient investors should hang in there. I can see this stock reaching previous resistance at 3.5c in about 18mths time if the stock is not beset by further problems. That is unlikely I think given that lessons should have been learned.This is a stock for patient investors but it will get there. It is not coincidence that there is a certain symmetry to this pattern. My experience tells me that such patterns tend to be followed. All psychological I dare say, but the facts do support this movement, as will a stronger gold price. See my gold price forecast. I will update soon!
-----------------------------------------Andrew Sheldon www.sheldonthinks.com
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