People need to understand that a director of any company is not going to say that they have ordinary assets or that they have made an error of judgement.
Hence why you cant invest on ME experience alone because he like all other directors will put a positive spin on everything. You need to assess the announcement for what it is.
Further drilling and an announcement this week should help clarify things. I have a feeling that the SP will fall dramatically on bad results but recover slightly on good news. The current SP movements dont bode well for up coming announcements.
On a side note- why did the company drill more holes before completing their initial 13 hole program. Did they panic and realised they needed more hits so they drilled in close proximity to other hits. Whsts in the north east region. Thought they would have been drilled before BT17 and onwards.
DRG Price at posting:
43.5¢ Sentiment: None Disclosure: Held
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