I still don't appreciate the way news from this company is being handled by the press, in a cavalier manner, no critical comments - is there no possible downside -well of corue there has to be.
However I'm considering a bit of a hedging strategy with Gold at new highs for the coming weeks and maybe months, think how a gold price of say $350 an oz average price for the coming year, would transform the profitability profile of Thistle, from a profit of only $50 to around $80 0r even $90 an oz... of course much of the production of the CURRENT lodes are hedged, which is fine and helps pay bills regularly. But the forthcoming developments do NOT, need hedging. The new lodes mentione in recent months and which conservatively increase curren S.A. gross tonnage available by at least 50% or held a billion tonnes, need not be hedged.
I'd also be looking at a similar size investment in, CMR at 11p/11.5p, which should commence production in about one year, and Gympie Gold of Australia , languishing at 27.5p... Once Gympie get their present temporary coal mine flow fixed, very shortly.