Everyone will have a different opinion but what often happens is that prices fall after the release of a positive but well anticipated announcement.
Some people buy before hand expecting the price to go higher than what it does, so when they see the price fall, it makes them do the same and sell the security.
Ultimately the price will find a floor which will attract buyers, and then if the news is positive it should result in a higher shareprice than seen pre-announcement.
These things take time. IMO the market is NOT efficient and its especially seen in the small cap end of the market, where EIO sits currently.
As to when a re-rate will occur, well hopefully from today onwards. And in all honesty, from last friday and the release of the maiden JORC.
EIO Price at posting:
21.5¢ Sentiment: None Disclosure: Held
