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

.

"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.

.

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.

.

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

yeah HER was easy money for me ravy.I went to sell them and saw your negative comment so kept them for another 30% cheers.

mnamreh.

Decided to cash a small profit, they are not chasing it so reckon i can make
more money with the funds elsewhere given how hot the sector is at the moment.

.

Well it was exactly a month i held these to make 300 on a 1700 investment,
sounds good but not where some mining stocks are going through the roof, that
money could have quadrupled trading in ther right places but a profit is a profit.

.

Good news this morning - at last

.

.

I'm still in and loving it.,.

actually in the money now, so keep climbing, perhaps those extra shares will pay for them selves now.,.

.

.