Although good hits WA1 are still just an explorer...will take many more holes to prove up a resource.
Market knew these results were coming (although maybe a bit better than most thought) so today was the sell off of the long termers holding out for a good ann.
I'd suggests there's quite a way down for the SP to travel now until excitement builds on another set of results - is drilling in March? Means you likely have until June until any news will flow.
Only the brave stay here now.....a few good holes doesn't equal $80m MC.
At this stage it's just the 'hopers' taking a gamble it will play out as they want it to....smart money is elsewhere.
Ann: West Arunta Project - Significant Enrichment at Luni, page-116
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$14.50 |
Change
-0.470(3.14%) |
Mkt cap ! $940.5M | |||
| Open | High | Low | Value | Volume |
| $14.77 | $15.00 | $14.32 | $2.470M | 170.0K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 533 | $14.47 |
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| Price($) | Vol. | No. |
|---|---|---|
| $14.52 | 1748 | 2 |
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