RE: Sp10 Jun 2021 17:43
As the trading day ends i just have to post this. We EEE'ers have had a few painful weeks and an unwarranted drop in the SP EVEN as the POG has recovered from $1700 to $1900. These are BOTH very high prices for Gold.... BUT gold is undervalued and it cannot stay that way for ever. It just can't. When it will kick over $200 I don't know but it will and as you are all aware, the line that traces its price is NEVER a smooth one. So expect fireworks....
Now, most junior miners looking for Gold go up when the POG rises. Logical. But most are not yet in production so in some ways the POG is irrelevant. Here are EEE, we are not far from actually digging some ore out and sending it to the mill. Errrr hello!
REVENUE.
Over the last 2 weeks we have had a new MD, a new VERY exciting and prospective tenemant option and now a cash injection to confirm over £3 million in the bank. I mean, bloooody hell, what more do you want.
My ISA is very heavy EEE and every tenth of a penny brigs a smile. This has not woken up yet. It will. If the Eclipse data is better than expected it is going to get very interesting very quickly. Now imagine actual production of GOLD and a hit at Menzies!!!!!
Hold on to you tickets and GLA