Imac - I'm going to venture that the quarterly activities will simply be a summary of what we already know.
I'm not sure where this expectation of quarterly activities = Arrowsmith results announcement originated but I don't think it will be.
And even if it does and I'm wrong - these announcements are typically late/end month rather than the start.
You're certainly right though - the resource isn't going anywhere - however given NWE has been one of the highest volumes of discussion of HC and given the volume increase of new name posts we've seen - most expecting/demanding results immediately - I'd dare venture to say these would be short termers.....so a delay, ANY delay (be it rational, exaggerated, or unanticipated) will be met by a swift sell off.
We've already seen the T3's exit (almost over 6 mill in volume traded now which, low and behold, that's almost the amount traded in the past 2 days) - so further delays I can anticipate more selling.
Is it justified? No.
Just don't go jumping on this train thinking it's the express to Flinders Street - this train stops all stations - and it certainly takes its time getting there.
Though I know you're in it for a much longer term - so we both have the luxury to really not care :)
Certainly feel for anybody who bought into this in the last few days with ideals of a short term play - to borrow a Y gen phrase - you just got punked.
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