DR would call this an known-unknown / unknown-known situation.
The reason for a 60% price collapse since the drilling started may be due to someone knowing what is unknown to the market: That a new Jundee type deposit was not located at Coralie Jean where predicted.
So for punters on the other side of the information flow, whilst the drill results are as yet unknown, what van be inferred as 'known' from the market action since drilling started is that a Jundee type deposit has not been found.
Best we can probably hope for at this stage is a couple of 2m intersects of 3gt Au, and maybe a thesaurus has to come off the shelf as we cannot use 'promising' or 'encouraging' again. How about 'An auspicious start'?
RNX Price at posting:
0.7¢ Sentiment: None Disclosure: Held
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