re: Ann: High Grage Gold Intersected at Sihay... Open was very promising, if not a little over the top, then it was all downhill from there. An extremely dissapointing day all told.
Yep, I understand it is only infill driling results and not new 'resource increasing' results BUT they are ahead of their own infill drilling schedule and look like getting onto more value adding (hopefully) exploration sooner rather than later AND they look like confirming their assumed 1.1 million ounces on their ear!
It deserved to finish higher than what it did.
Very frustrating.
I wonder if the 'what appears to me' to be trading down has somethng to do with these 25 million call options with an excise of 6cents on 23rd March?
Is there anything to gain by the price remaining around 6 cents when these are due to be excised?
I don't know. I'm just asking the question of those more educated in the ways of the market.
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