RE:Folks, the trading & share price action are indicative
I added another 5000 shares this morning at $2.82 and $2.83 .
Now have a full position of 20,000 shares averaging just over $2.90
Let's see where this is in 6 months time.
As I said earlier, I like the risk / reward on this company at current distressed share prices.
I doubt Newmont, RCF, or the insiders are selling ... which accounts for roughly 2/3's of the 114 million oustanding shares. Mostly all the retail shareholders getting overly concerned about the "uncertainty" about hiccups in executing the mining plan and the recent miss on guidance.
Of course there's always a risk .... if the company can straighten out operations, then should should return to the $6.00 range reatively quickly with gold above $1500.
GLTA