I can't blame any company for trying to buy another company for as low as they can. I would and everyone else would too. Not so long ago people were selling shares in EAR for 14 cents and saying the company is going nowhere just drilling and diluting shareholders with CR.
Having said this gold price is really high now. Personally, not so long ago I didn't think we will see A$2,000 this year and we crossed $2,300 today though pulled back a bit due to currency movement and perhaps some profit taking. Where would EAR share price be if not suspended? Probably well in the 30's.
Having said this I find the timing of the drilling announcement and the results very strange. As other posters said, I am not giving my shares up for anything less than $0.40+
This is only in my opinion, not offered or to be taken as financial advice, do your own research.
EAR Price at posting:
25.0¢ Sentiment: None Disclosure: Held
