The sharemarket and also looks like one of the major holders...

The sharemarket and also looks like one of the major holders disagreed selling a huge chunk of his portfolio which is generally a sign that in fact there was something wrong with these results.
Sure the deeper holes may find something they also might not, statements like these are just pumping garbage. Maybe if you are considering some geophysical or magnetic analysis then sure this statement might have some credence but given these holes are so much deeper than the existing reserve that they may or may not come up with anything economic.