It'd be interesting to understand where continuous disclosure kicks in - the company advised they'd be drilling mid to late May. It's now July & we have no idea if the drilling has begun. If it did start in line with the prior announcement, good, but would've been helpful to get an announcement. If it didn't start in May (or at least first week of June), the next question becomes is it material & likely to influence price...if so there should be an announcement.
I'd personally expect drilling delays to have a negative impact on price in this company, so again, where do continuous disclosure obligations kick in???
Let's hope for some clarity in the very near future.
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