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Where are you hearing this? Drill hole leaks I can see happening as there are lots of people on the ground seeing things and know when something has completed, moved on, the assay details leaked and you are hearing this with no prior inside knowledge demonstrated? I doubt it
My understanding and others correct me if I'm missreading this is that CB is looking and expecting a buyout of the asset that will return cash to the stock holders. I'm basing this on his £60k stock purchase as he wouldn't be able to profit from these by selling or it would be recorded and crash his own companies SP so he must be expecting cash back instead. Would be happy with 25p but obviously 40p+ would be the dream
Last time they said "no news is good news" and was born out? Also the last bit of news was only on the 1st of March, the last gap was 12 days between 'started drilling' and 'stopped drilling' reports.
Probably news this week or Monday at the latest.
listen to the last podcast and he says he has been told that he can't give the constant reports that they were giving and will just report at the end of drilling for this hole. Not sure who has told him/advised him not to update in the same way as at the start but that's what's been said. Last time no news was good news, no reason to expect different this time.
Do you have info on what was implied/expected vs what was delivered on the assay? Is it the company setting unrealistic results or the market not understanding the results? Will be interesting to see what happens on XTRs I could well see them being good in that it's likely to hit the AA buy back mark but the SP dropping after still. As ultimately they want to sell this on I'm going to be holding even if it drops.
Forzeb, Any share tips so I can put them on an avoid list! Why did you buy these shares, what was your understanding of the SP and where it had to go? Why do you feel that SP went south, what were the underlying reasons? What are your timeframes for returns and what reasons for those timeframes. These are questions you need to be asking yourself, not what arbitrary number next to the SP for one day, one week or one month.
To be serious on to sell or buy, the answer is can you afford to lose the money, if you can then leave it in, if you can't then take out what you can't afford to lose as soon as you go into profit which I doubt will be more than 2-3 days