Originally posted by Dollars & Sense
It also (is meant to) restrict/limit insider trading from those first privy to the news (i.e on site), which they can do either directly or indirectly.
As for receiving the announcement twenty minutes (exaggeratIon) prior to market opening... well, I guess the presumption is anyone trading in mining stocks should be able to interpret the results and factor it into their decision making in the allotted time. Retailers don't get a leg up in this game - benefiting the market low on the list of priorities for any company.
Where's Helmenesh? That's bothering me more than no announcement.
Hi
@dollars and Sense
I'm sure Helmenesh won't mind me posting this. He is away visiting family. Don't panic - he will be back.
I am also sure that he is not just waiting on this particular announcement - more like seeing how much closer it brings the company to understanding more about the extent of mineralisation and what comes next.
There will be many more drilling campaigns to come after this announcement - hopefully it helps the company to get a better picture of just where this exploration phase steps us out to prior to the resource definition drilling.
I personally don't expect any fireworks as the whole sector and nickel price is still downtrending or at least pulling back (all normal commodity market movements but great accumulation opportunities) - am still mainly looking forward to what another year or 2 of drilling and resource definition looks like - and when the Nickel price momentum increases by then also.
I suspect though that there are likely to be some who bought in at higher prices that will be looking to sell into a good announcement though - there is still a long long way to go yet.
Number of shares I will be selling (regardless of what the announcement says) = 0
GLTAH
Cheers
Interested Onlooker
