It is an interesting scenario when technicals tell you one thing and fundamentals tell you another. I agree it is being sold off - for reasons I am unsure of. However, with the bfs out this week (or at least meant to be), hopefully this will be a lot more positive than the poorly worded and not well received announcement last time. Why people get upset by the fact they don't have 400mt resource has me baffled. Sure I was a bit shocked as I thought it was a shoe in, but there is no real point having 400mt as that won't make a difference for at least 15 years. I was pleasantly surprised by the reserve I must say. Sometimes you need to be a contrarian when people are panicking.
ATQ Price at posting:
22.0¢ Sentiment: None Disclosure: Held