After the initial euphoria subsided with San moving Dale Ginn to a less influencial position and naming George Pirie as the new CEO on Dec 08, the share price rose to $4.02 on Dec 29 and then has dropped over 35% recording a new 52 week low of $2.56 on March 10. Watching this decline has been very frustrating although many saw this as a great buying opportunity, me included.

There is so much uncertainty in the world caused by excess debt, inflation inducing money printing, wars, natural disasters etc. that can effect day-to-day SP movements. But over the longer haul being invested in gold producers with significant resources in the ground in politically stable jurisdictions is about as good as one can do. Some are obviously better than others. Given the new lows, Pirie has nowhere to take this company but UP.

For those of us that have hung onto our positions or added at these low prices, I see nothing but positive outcomes. I will be absolutley convinced of this if they have a blow-out quarter and year end.