AS1 4.76% 2.2¢ asara resources limited

things that are 'pending', page-8

  1. 3,703 Posts.
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    The good doctor (he is a vet) was the cause of the sell off last week with his "sell" recommendation - a panic move in my view - not sure why he jumped off this one (especially as it was a very weak market overall) and with many results still pending.

    Those that sold at circa 10c to 11c are now already up to 20% worse off.

    In hindsight, management have erred by continuing on using the same slow labs operating in Burkina Faso and need to focus on preparing the samples themselves and sending them elsewhere for a 3 week turnaround - our market cap has more than halved "waiting for results".

    Good buying at current prices IMO - 57m @ 40g already obtained is not to be sniffed at - we need to understand that deposit better and the RC drilling will assist to determine that.
 
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