Its all about expectation & after their earlier results, expectations were unrealistically high. there is also the potential looming overhang from stock coming out of escrow. These stocks are always volatile & can easily move 25%+ in a day its the nature of the beast.
The results themselves were ok. Intercepts were high grade but short on meterage. However how shallow is this stuff? Get me a shovel & I'll dig the stuff out by hand. Seriously I hope they have night watchmen as some of the nuggets could almost be reached with a post hole digger!
Anyway lots of results to come & I am still very positive. Obviously I wish I had bought today not yesterday, in saying that I still would have bought today on seeing the announcement, I just would have bought more.
here is the good news, page-11
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