Just compare the charts...can virtually over lap them. We can all read the RNS's and get the history of a company without having been invested for years. The company is de-risking the asset by upgrading the indicated from inferred, showing the gold can easily be leached efficiently. ha **** it's 1M indicated projected target and has £5M+ in funds. Finance was raised at £1.60 when gold price was $1700...now it's $1290 ish...low was at 75p when PoG hit $1250...simple,correlation IMO. I think peeps are looking for problems where there are none...GL.
Yes pog can have an effect but it is not as simple saying this will follow pog. Many of us have been here long enough to know that
There were other reason for yesterday's fall.
Yes MC had a large amount but if he was to buy at these prices then it show that he believes the price is too low, especially as he already has a large amount. There are other directors that could also put their hands in their pockets though. It is about showing that they know the sp is too low
Any director purchase would be deemed as a positive & if MC/JM et all consider that CNR will NOT exist by the end of 2014 why wouldn't they at sub £1. Remember Regent did their due diligence at £1.60 but then didn't go through with the final purchase. Did they ever buy in the open market? who knows.... Not a happy camper but we have been here before & have patience for the end game but yesterday was a very unexpected event which I dont wish to repeat. I know this is AIM blah blah blah but when you state targets they need to be hit or bettered in any market. Monday is sure to test resolve further esp. at 08.30 GLA & not sold any of my holdings to date...
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