I believe that you are right. It will take a few Q's to get some confidence back into this stock.
I bet that we will get some headway before the AGM, but there is the looming sell off on the horizon for the Dow and S&P. That should keep any upward movement in check.
A lot of the buying over the last month or so has been defensive, which explains that mass run on the materials sector. How this plays out is anyone's guess at this point, but it is going to be a long summer for all stocks. All we can hope for is a spike in inflation to take the pressure off of precious metals, and an inevitable rise in the POG will help too.