St Andrew Goldfields Ord STADF

Valentine MS

[venturecop1]

I don't think the selling has anything to do with the company, and volumes have been low outside of block trades that I have already addressed. POG is coming off in uncertainty as it always does because its an easy source of liquidity. The fundamentals for gold are getting better and better everyday in my mind. If austerity is rejected, that can only mean that the printing presses will be working overtime, in whatever form that may take.

 

If anyone holds the belief that it's over for gold, well then you don't want to be any higher cost producer. I'm taking the other side of the trade (obviously), and still have quite a pile of powder to deploy.

 

All we have been getting from management over the last few weeks can only be described as very positive in my mind. Production guidance, finding more high grade ore, and the $25M credit facility. Buy the pain, sell the gain. Today's shares will be sold for a minimum 80 cents in November IMHO.