Quite liked the all data weekly chart for a bottom forming speculation but ..
Caveat: I ‘invested’ in a few of these tiny historic revival explorer/miner ventures in my first incarnation as a gold stock bug – they all did me in. Two that I can remember from the first gold bull run in the two thousand and noughties were Hill End Gold (HEG) and Morning Star Gold (MCO). They made their managements and contractors good money but 100% stiffed shareholders.
Caveat: I ‘invested’ in a few of these tiny historic revival explorer/miner ventures in my first incarnation as a gold stock bug – they all did me in. Two that I can remember from the first gold bull run in the two thousand and noughties were Hill End Gold (HEG) and Morning Star Gold (MCO). They made their managements and contractors good money but 100% stiffed shareholders.
Exciting grades they are getting and there’s the romance of 19th century gold fields but they are losing money – of course they have expansion and improvement plans, this kind of company always does.
Operating cash cost $2,885/oz
Gold Price received $2,622/oz
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