ANL 0.00% 0.1¢ amani gold limited

over reaction: do you hold shares?, page-41

  1. 4,331 Posts.
    I have no problem with the gold results being held, i have always felt that the basemetals should be released with the gold combined to give an clear picture of each hole.

    The problem i see is why on earth was hole #1 which was known in full on March 3rd released 2 months after the fact, March 7th BYR was 43c. The company could have easily released 1 hole, the market could have decided the result at 40+c and then spanked BYR if it felt the need. BYR could and likely still would have been 25c on the first hole being low grade if they were spanked. But Burey for whatever reason held onto hole 1 for 2 months, my question is why when full diclosure is required, this isnt my rule or belief its the law.

    From march 7th 3 days after the results were known BYR suffered a slow decline from 43c all the way down to a 19.5c low. Stocks dont fall on good pending results which were known, BYR fell on very low grade result in hole # 1, this is why it fell.

    After the imformation was released when BYR recieved results this is when the market gave Burey another rightly deserved belting and is why they are currently trading at 8.4c.

    Burey has no hope of recovery with Ron based on above as the market simply dosnt trust BYR, the only thing that will save BYR is a miralce in one of the next holes which is highly unlikely, everything previously reported has been way over stated even the gold is below the historic data by a long shot. Feeling like a complete idiot and have learned a very hard lesson

 
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