RE:RE:Bankers trying to put a lid on gold I think.
Hi tC,
I don't think it's simply confidence in the PoG. That seems to be improving, given the rather oobvious uptrend since the end of June:
https://www.forbes.com/sites/kitconews/2013/08/27/focus-gold-rises-on-safe-haven-buys-over-syria-technical-charts-fed-qe-debate/
Sentiment may be turning “mildly” positive in gold, he added, as not only have exchange-traded fund sales have eased, some ETF buyers lightly stepped in last week.
I think it's more a case of rather disappointing profit & cashflow numbers in the last quarterly results. IMO what is needed to turn sentiment in this company is stronger cashflow from operations. Once the market can see that this company is capable of throwing off cash (which it should be), I think investors will look upon Endevaour much more favourably.
So, for me, it's a question of waiting for for future results, and fingers crossed that management delivers, as anticipated. Have to admit to being a "pig" myself and ditching my most recent top-up made at C$0.555 (before the further delines) at C$0.83 after the last results. Don't want to have too large a holding until I see some results come through. What I have now will grow very nicely, if the gold uptrend remains intact and management delivers.
Cheers,
Mark