Both SGC and XST have had considerable daily turnover since the 2A's were lodged just a week ago on 11 Feb (despite 2 days TH!). Yes I acknowledge there's been a comprehensive sell-off more widely since the Resource Report was released yesterday, but it probably helped initiate selling by any loose holders.
I'd assume that most placement holders would have got out now if they wanted to pre-spud. That must be a real positive for the share price of both companies going into the drilling.
I've decided that its probably a good time to start picking up a few more shares. Lets see how it goes.
Ann: Borba Operations Update and Prospective Resource, page-86
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