Well that was a disappointing if not totally unsurprising market reaction. Classic by the rumour sell the fact scenario. But from a fundamental perspective I think that confirms that there is little doubt about the potential of the company. The announcement was exactly as expected by most, hence no big jump as at it was already factored in. What will drive the SP now will be the media response, and if I know HH he will already be on the campaign trail leading up to the PFS.
And if this drops below 50c I'll eat my dog.....
Media already starting...
http://www.proactiveinvestors.com.au/companies/news/12005/venture-minerals-owns-one-of-worlds-largest-undeveloped-tin-projects-at-mt-lindsay-12005.html
resource upgrade is out, page-17
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1.9¢ |
Change
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Mkt cap ! $46.34M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 7169797 | 18 |
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| VMS (ASX) Chart |