correct Pastel, there are many stocks that move up on just half a dozen rock chip samples, Haoma mining is one example. in nov they collected from their E45/2532 tenement about a dozen or less rock chip samples not far north of Gondwana's marble bar tenement in the pilbara (about 10km from marble bar). when they announced the Fe results the stock went nuts,( I still can't understand why in that case),
Another is flinders, who don't even have rock chip samples and look where their sp is compared to before nov last year. The sp goes up even without rock chip samples. Flinders have geo estimate/targets for tenement 882 based on local knowledge and that's worth many of us investing in flinders at the current cheap sp. It's all about securing a position in a stock that has some upside and the risk is directly related to the current knowledge and current share price. The more the knowledge,the closer to a proven resource, the more expensive and the fewer number of shares that can be purchased for a given dollar amount.
So yes, rock chip samples are very often an indicator of things to come and even if the % in the samples are average, they tell a story that a lot of ivestors are prepared to take a postion in, on the upside, whilst the stock is at very very low levels and a resource is on the path to being explored further and hopefully proven. Having results with such a large number of samples is excellent for the sp if the results are even average.
As I said, there are many, lots and heaps of explorers that have large price movements just on rock chip samples.
There will be numerous posts from people trying to get the price of any share lower to allow a cheaper entry. That's human nature. As there will be numerous doing the opposite.
Those that sell out after getting nervous after posts that concentrate on negatives will be bought by someone who is waiting for a lower price and for someone to drop their offer. Someone will buy that will be very glad that the person sold out so that they could get in at the lower price.
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