Hi Jess,
I think 12 cents will happen reasonably quickly assuming the management doesn't take too long announcing any progress or resource upgrades.
However, will management try and time any news regarding resource upgrades with the introduction of a new MD or will he/she make the announcements once they have settled into the role? -This could also coincide with due diligence being completed etc..
As etrader has pointed out Mr Hill - expects to fill the position within a matter of weeks.( I hope that is real time!), so in theory this should happen within the next 10 days.
I quess some people were speculating about this before yesterday's shareholder announcement, hence the rapid rise in share price. We could see this happen on a regular basis until the 'real' news hits the market, as speculators try to 2nd quess an announcement!
Hi redzone, when I looked at slx today, I started dreaming that HGD could be up there one day. But to be honest I think I would sell once it gets to $5 (ha ha)
Hope you've got a few thousand slx to spare, so you can sell at a profit and buy plenty of HGD before it takes off in the next few weeks.
Cheers
BP:)