Post by
caillen on May 11, 2015 10:00am
Low was set.
Low was set on all the charts; weekly, daily, hourly etc. in the middle of April. Now, the 10 min chart broke through as did the hourly and now all we need is for the daily and this will continue on its upward climb until August. The fundamentals are still sound even though it wasn't a great quarter. Asset base has increased by 5M ounces with minimal dilution given the asset base. No new debt is expected (we'll see) and if so, it too will be minimal. Higher grades to be processed in the future quarters from the San Fran south pit. So, all good other than the initial dilution but that will be overlooked going forward. The sell off was way over done.
Comment by
pdcon1 on May 11, 2015 10:25am
i totally agree with that analysis with gold moving up there are better days ahead