ROS relative performanceThis little stock is actually doing remarkably well. I mean, firstly its a stock-so not immune to the massive downturn. Its a gold stock which affords some protection but when the margin calls come what gets sold first is frequently that which has gone done the least-right now thats the golds. Secondly there is a sizable issue of warrants nearing expiry-I hear. That usually means some degree of selling the underying in order to finance the option exercise.
On the plus side this warrant expiry means more cash in the kitty-the drills keep turning. Those of us who were with Greg for the duration of MXI remember what happened when exploration funds dried up-it wasn't pretty-we are already cashed up and the state of the overall markets will not change that. Good results should mean higher prices and more warrant exercise in the near future-this is very well planned and very professional.
We have only about 4 months before monsoon season but with two rigs going all out we should have lots of news-lets hope its good!