I can't be bothered responding to you because you have no idea what you are talking about. Read these three posts in order, understand content and then we'll discuss the discount - it is already there through where the resource is actually located.
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27168873
Post #:
27169503
Post #:
27170553
The above is FA analysis.
What you are blabbering on about is TA. If those results for hole 1 and 2 were in Australia SP would be higher - just map out PLS and KDR to understand that noting resource size at the inferred stage as a comparison and adjust for size, it is at a discount.
Having said that on a TA basis Directors selling out is not a good look. The interesting part of the sales is who did they sell tell - the off market transaction and to whom is a key one. Were the shares sold to say a Chinese entity? Was it a planned sale? Without that information very difficult to determine but at face value not a good look TA wise.
The next question - do they know the results of hole 7 as some are inferring here. Well the core went to the lab, but definately from recollection, assaying is taking place after the stated Director sales IMO so the answer is no because only assaying will tell you that and those tests would have been done after the share sales of the 12/13/14th so too much dribbling on that. IMO the shares could not be sold knowing the hole 7 results because that would be insider trading and would be pretty easy for ASIC to work out when the assaying of hole 7 took place. The only thing we know about hole 7 is that they have 240 metres of pegamatite - grade, well the assay will determine that. The fear TA wise for Monday is assaying may not be complete but I suspect the midnight oil will be burnt if they want to announce Monday.
So at face value not a good look of Directors selling and that will impact TA analysis but surprised Frankfurt has not fallen beyond a greater amount than the fall today. So TA affected, FA still there IMO so don't confuse the two. FA will be affected if hole 7 does not come in good, but FA will be improved if tin credits can attach the two seperate mine theory I have for hole 1 and 2 and hole 7.
All IMO