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26/02/18
17:28
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Originally posted by mattyedw
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Let the drills do the talking, we dont need a JORC for the sp to take off.........
But you sure do need a JORC to sustain it..
An awful lot of investors bought in for the jackpot in Easter........That has now been moved for a hell of a lot longer, not the greatest of moves but now done.....
Moving goalposts is common, moving them this much is not as common, i can see the disappointment in todays ann and i feel management have been a little sneaky to say the least....
Low ball offers i think will be the go in a few months, just enough to cover all the incentive shares that now are out there...
Now a traders dream and a holders frustration......
Dilution around 22c today(taking options into acc) was a move in getting shares allocated so when voting rights come in guess what, us guys dont have a say, buying the votes is all to common at this end(you do me a favour an ill do you one)
A trading range of 23c-32c for the next 3 months looks a given, the drill bit cannot say much better so the up turn is only in the jorc.....Thats a long way off and low ball offers will be the go.....imho
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What we need is lab results . The pics are a nice teaser . Smart enough people around who can crunch numbers pre JORC as results come to hand . I've held stocks where the JORC did sweet F A to the price as investors had already figured it out pretty much and invested accordingly .