RE:Crazy dayFor one, 373 600 000 is a lot of shres, too many
More importantly, they haven't issued an updated resource estimate for over a year, and they keep pushing the target date for full drill results. With the short current expected mine life, they are actually shooting themeselves in the foot and hurting their shareholders big time by increasing their production number without the updated resource estimate - it only shortens the current expected mine life, hence reducing the lack of interest from investors.
Gold is down about -10% from its 1360 $ peak - roxgold hit an intraday high of 1,35 $ on May 11th - a -27% drop in less than 3 months, even with a pseudo buyback program in place ! If 1,10$ price point is not good enough for them to buy their own stock, why should the market buy it ? Great way to send a positive signal and increase confidence from investors.....