Released around 6.15 am Perth time is obviously so investors in the eastern states can have time to absorb the contents ahead of the market opening. Good thinking there.
With my limited technical geological knowledge the results simply confirm that they now have further confidence that they will be “digging a very long and very deep hole / come trench”!!
What will it do for the SP today?
I’m hoping a lot but will be happy enough with an orderly lift that sees them up around 10% for the day. I doubt there will be “mad scrambles” to “get in” and would much prefer to see steady consolidation.
I’ll be watching LinkedIn for “likes” from the geo community. There are some highly respected geo’s in there who take notice of releases like these.
POD Price at posting:
57.5¢ Sentiment: Buy Disclosure: Held
