It's an extremely subdued reaction by the market especially as it is now the height of the drilling season which weather permitting has one month left, and if lucky maybe even into September.
The resource expansion program wouldn't excite the market as it's expecting a doubling of the resource, if not the 50Mt that Dave mentioned in a video (***Zurich 15Nov23 then 30-50mt in 5 or 6 deposits) If they do double the resource that'll be great going forward but it'll do diddly squat for the share price.
Maybe their exploration targets or early looks don't excite...
***assuming I heard correctly
Ann: Noosa Conference Presentation, page-106
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