Yeah I'm feeling a bit uneasy. For the last month they have leapt at every opportunity to announce positive drill results while skipping/burying the duds in the same announcement. There was a lot of anticipation for results post standout Hole 8 and they only announced once they had the scissor/not actually a scissor Hole 11 to report, skipping over 9-10. There was anticipation for Hole 12 to the North to extend the strike which was also a dud, leading them to rush visuals from Hole 13 last week before they had even reached depth.
Looking at the pattern, this looks like a no news = bad news situation. If they had a hit in hole 14 surely they would have announced it by now...but they haven't.
I'm personally in this for the long haul, even post Mawson as there is a lot of opportunity out there and the team seems strong, but there is a reason the market is a bit jittery given the pattern of announcements so far.
Anyone care to offer a critique of this or point out something I may be missing?
LEG Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
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