Ann: Breakthrough Gravity Results at Storm Copper, page-63

The SP just drifted down not on any bad news but lack of really amazing news.

Having said that, the event that really annoyed a lot of holders was the perception rightly or wrongly that management appeared to drop the ball by burning through a lot of cash and not leaving much in the bank and being forced to do a CR at lower prices.

My take on this is that they were confident of absolute ball tearer news and thought they could CR at higher prices, but unfortunately for them at the time, news was good, but not earth shattering. The market responded and took us down here to good value levels.

Now however the news is now looking really good and management can plan monetising this thing.

Bottom line to me is that we should at least be back to the issue price now the initial promises are materialising. Bigger fish will no doubt be watching very, very closely.

GLTA