RE:Nice VolumeMarkidesad wrote: Seems the buying / selling soared yesterday. Quite a lot of bottom-fishers seized the opportunity to increse their port at these low prices.
I'm not sure I like the term "bottom feeders" as it implies I caught the knife, or at least was trying, which was true in a sense, but it's also vaguely possible we haven't seen the bottom, though try as I might baring massive diluation I don't see any way for it to GO much lower. Right now the company could be selling at or near breakup value assuming you just auctioned off their remaining rights.
They paid for them, the question is, have they added value to their claims, or in this depressed mining environment would they even find buyers?
Frankly I don't think it will matter as just gatting Sangdong back into commission would pay for all plus a bit, but in the wake of lower gold prices, I'm wondering about the feasibility of Muguk and the possibility that instead of that property they might go for the Uranium next.