This has been savaged over the past year or so due to lower than expected production and power shortages in Ghana, amongst other things. Announcing gold sales would 'temporarily decline' last FY wasn't great when POG was looking to go up.
I reckon it might have found a bottom now, and could start to find its way out of the turd pile. If it cracks $6.25, then maybe the down trend is over. Then, next stop $6.75. MACD look pretty good for confirmation of upward momentum. Watch for it to break signal line. This may be about the $6.25-$6.50 level, perhaps.
Having said that, the suite of bad news this company has dished out makes it susceptible to further punishment if it doesn't deliver on promises, no matter what POG is up to.
Potential breakout at the green circle, but I won't be looking at it till it beats $6.25.