I like this news and bought in. I expect if these results came from a recent drilling campaign, with the market watching for the results, and they got this, the MC would be up $5 to 25m - have no firm idea. But seeing as nobody was expecting this, nobody has done any research as to what might happen, and nobody has decided what would be a good result versus a bad result. So at some stage I expect somebody will do the research, buy a stack, and then pump the stock. Alternatively the market might get very excited when a drilling plan is announced.
It may have been that some people knew and remembered how good these drills were, but they would have probably have bought in in 2018 or so and got very stale.
The Jan 29th 2018 release doesn't have any of these drills in it, but has this line: "Ringville – It is intended to conduct a site visit and reconstruct a database of existing drillholes. This will provide direction for further exploration activities." They have taken their time with it!
ARD Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
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