Its a classic buy on the rumour, sell on the fact. The share price was consistently 26-27.5cents in the lead up to an announcement like this.
But still, I get the impression someone is trying to make a statement to management. GET THE PLANT COMMISSIONED and GET THE HIGH GRADE ORE INTO THE PLANT.
I actually can understand frustration of some investors selling. A headline that says plant is commissioned, only to read that it's not yet fully commissioned. Doesn't really make sense!
But there is a lot of good news too, they're producing gold for one! So once the angry investors sell out, maybe it can head higher. There needs to be a blockbuster announcement to break this negative sentiment. Perhaps feed grades of 10g/t+ in the September quarterly statement?? I don't know
You'd think though that if they just keep producing gold and selling it, cash will accrue with the simple fact they'll be making good money, but that will take time
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