I think it's a bit of shame that TYX had to put out its retraction announcement. I don't think the initial announcement said anything that would have caused too much confusion, or that it was particularly misleading in any way, but unfortunately it doesn't appear to have helped with market confidence in the project or management thereof.
The drilling announcement started the ball rolling with the SP at an upward trajectory but was dashed before it got going by the retraction.
My bet is that this will only be a temporary blip and the next announcement, assuming all good news, will restart the upward momentum. I think the news is there but just needs to be communicated better.
Anyway, hopefully a succession of good news announcements to follow and an onward and upward SP from here on in.
Cheers!
Catweasle
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- Ann: ASX Retraction and Clarification
I think it's a bit of shame that TYX had to put out its...
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