I have happily averaged into this stock 3 times now and hope to do so once again on Monday given positive results which.... for at least one hole i have an inkling will be very positive.
I would like to condone managements wise decision to release results in the form of groups of holes rather than on a hole by hole basis which will remedy issues caused by the nugget effect.
Hopefully it will keep volatility to a minimum.
I was told once by my mentor to pay close attention to the presenters body language and mood at these conferences. They tend to save the best results for then.
Earlier on in the year at the Resources Conference in Broken Hill Peel announced their JV with CBH and Convergent minerals announced their best gold intersection. Both rallied.
Logic would suggest that the MD will not be jet-setting through the east coast talking about how the drilling came up with nothing.
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