Yep valuation is out of sync with the SP and offers good value at this price. Commodities which GUN are exposed to are also a good bet with rising inflation so there should be continued upside.
Volume and price action today would certainly confirm this. Will it now return to the 25p level which it was previously? Need to review the Broker targets after the last set of figures as they were pretty positive too.
Expecting results from the two further drills within weeks. If the company wasn't looking at a commercial asset then why drill? Would not make any sense.
have a feeling that Acuity will be going for a listing soon. That could really put the cat among the pigeons and make for a serious re-rating. Big buyer has been declared and they have just increased their stake in Acuity.