To be perfectly honest, my expectation levels for this company are almost nil. I don't count on anything management might say to move the SP, because it hasn't to date. I'm more hopeful in the bigger picture for a higher gold price and that the junior mining sector in general will move higher with it. Of course, I want and expect the Company to meet it's goals.
I don't know what your idea of a break-out is, but I would say the move from July 8, 2010 when the SP closed @.30 till the Feb.15, 2011 closing price of $1.29 wasn't a bad run. I didn't sell at the top, but I did pretty well when I took my profits earlier this year. My mistake was not selling all my shares at that time and reloading in the .50's earlier this month.
IMHO none of these small miners are worth buying and holding forever. I think they can be good trading vehicles and can make money for you, but you have to buy them right and be very patient. The bull market in PM's won't last forever and I hope to take advantage of it while I can.
P.S.: I don't trust management in any of these small miners they're looking out for themselves, not us.
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