I was just noticing that accumulation as well. There was a fair bit of buying this week and some recovery of the share price. This is a positive sign for this stock.
From recent conversations I have had with John Knowles, I do get the sense that the company has some things coming together. He was very general/vague in his comments (which he has to be while things are in the midst of negotiations), but what I gathered was that we could be seeing some news from the company soon.
I do not know what that news might be, but my guess is that it will be related to some land acquisition or perhaps a joint venture/deal with another company. Comments from the AGM were that the company is looking to expand. Slide 17 of the Corporate Presentation at the AGM (see link on the website) says:
Leveraging Our Capacity
Increasing Our Opportunities
External Growth
• Acquisition targets close to home
• Expanding property portfolio
• Maintaining gold and base metals focus
• Networking with potential partners
I am expecting that something along this line will be PR'ed soon. JMHO.
NL
