Disappointing 1st qtr production of 4,985 ozs of gold, due to delays receiving new equipment from a manufacturer and problems with existing equipment have now been resolved. Management re-iterated their production target for this financial year to be 40k ozs. @ a cost of less than $400 oz, thereby leaving much potential upside to the current 17.75p sp for this �25m cap co. Add in $18m of cash, a forward pe of 4 (house broker) and positive cashflow, it appears to be an attractive addition to a mining portfolio.
2517

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The point i was making on another thread is if you wait for news and it's good
you will have to pay quite a premium.

The chances of sorting things out look good so with a large backer in at 3p
and the price 2p i like the risk reward.

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Anything to read into that broker news today mnamreh ?

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No worries :-))

I see the person that bought on Tuesday sold yesterday, you aint gona beat these
market makers trying to day trade these miners without hitting lucky on a good rns, you have to buy when quiet and hold for the next rns and hope it's a good one otherwise you will lose your pot in no time, running out of patience after just one day will just line the mm's pockets, they do have patience :-))

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hmmm people are starting to nibble this but still no news.

But every other small cap miner seems to be going through the roof
so is that the reason for the small speculation in this one ?

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Yeah i am sure, Angm might be struggling with a seller but it's had it's runs
now and again.

One by one these small caps go nuts, Sxx, GGP, Solg, GGG, that's why i'm
patiently waiting for Srb's turn, i dont think these mm's have too much stock
to offer, it's a case of when they decide to push and then the herd will chase,
i can see a nice return when it happens.

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Looks like a major holder has bought another 2.3 million if i'm not
mistaken, those trades have just showed up from yesterday.

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"well done"

Not quite :-))

No profit yet, got my 1.7p stock and had a 1.92p top up today and it's 1.75p
bid online so about break even or slight loss but it's turning.

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It's the only way but Sxx was stuck under 2p for a while and then exploded
to 9p+ giving a market cap of 60 mil +, i can dream the same will happen here
but they dont arf love to chase these small cap miners when they are up
50-100% and it's just 25k max online buy at full 2p offer so they seem to have
dried up on their supplies of stock to offer the punters.

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The strange thing is Her did exactly the same, i read their results when they came
out on last week around 16.20 and thought nothing much in them, the offer was
0.81p and within days it touched 2p.

Can only hope something similar happens here, there is very little stock available,
infact you will be lucky to get more than the 20k NMS guarenteed.

lol

2000 shares max online or 42's worth :-))

edit you can buy a little bit again online