RE:RE:House 011 trading.I suspect they been covering over the past 7 trading days. Algo are very effecient using stats etc. House 053 has been very quiet this morning. 053 temporarily posted a ASK order for 8000 shares at 8.5 cents. I personally believe will sit here for a few weeks until ...
these questions get answered:
1) When will the dumping end?
2) When will the PPS move north?
The answer to question 2 is based on POG and Duffy's execution of the business plan. POG moving north will boost the revenue stream. Duffy's objective of increasing mill grade in 4th quarter and beyond will increase revenue stream. 1Q should see a reduction in operating costs at Costerfield with the Youle coming into production.
I think it will take two quarters to boost investors confidence in Duffy's execution of the plan. Maybe shorter given the olde boy's club chit chat. Given the shre ownership, the institutions will drive this.
The wild card is Cerro. Most investors feel its the quickest boost to the revenue - multiple veins including 2 high grade veins, mill, equipment, trained labour force. I find it difficult to believe the permits are taking this long in depressed economic region of Chile. So I'm starting to align with a posters suggestion on selling the property. I believe the proceeds could be used to acquire a mine in Australia. Just speculation.
I'm wondering if the hedge funds will buy into gold and gold miners as hedge against the next recession/depression coming to a theater near all of us. They made some serious easy coin of MND over the past 12 months.