People are selling because there's better money to be made elsewhere atm. I really don't see what all the hype is about this enviro report on Monday, every company that drills has to issue them and the majority pass with no issue, there's no mention of any opposition to this one so far so I don't see any problem with it and I don't see how this should affect the SP. The drill has been factored in already as if environmental issues had been passed, that's what you're punting on, hopeful future earnings, the price has gone from 3c to 9-10c, that's quite a jump and already a realisation of the 'potential' imo. The CSIRO report due on the other hand, may give some benefit but I'd expect more a pump 'n' dump approach to that one unless they show up with some outstanding results we haven't envisaged. (Which imo MMR/BUY would've mentioned from what they've already got as I'd expect as they would obviously be quite excited about it... then again who knows? Maybe they're holding off to let their mates get in on the act first, lol, no never, that doesn't happen on the asx...)
BUY Price at posting:
9.4¢ Sentiment: None Disclosure: Not Held
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