I don't see this as a hail mary pass otherwise I wouldn't be invested. But I also don't see a lot to be excited about this week (not saying there isn't a lot to be excited about, just nothing more than there was one week ago).
I would much prefer the share price to be solidly on the other side of 14 cents. I thought we would be close to 20 cents before results with good results taking us above 30 cents (100% price rise on commercial flows is not too outrageous to hope for).
If the market hasn't been excited by the current results I am not sure how much future results (assuming they be positive) will change that. I still expect on good results we will see a solid price rise but perhaps it will only get up to the pre-drill high which really is a little disappointing.
I bought because I saw JKA was undervalued, unfortunately, despite pretty good news all of the way through the drill we are still undervalued. Thinking/knowing the market is wrong doesn't help if it never corrects.
To directly answer your question I am not bearish, I do not feel the SP action is a negative indication of the result. However, I also do not see it as a bullish sign either (which is exactly what you infer in your original post). My sentiment is Hold as that is what I am doing, I am not selling so my sentiment is not Sell and I am not buying so sentiment is not Buy.
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