Morning all,Well that's a bit depressing to see such a sell off....

Morning all,

Well that's a bit depressing to see such a sell off. My take on the results is they are just as was expected really. Not bad but not anything special. Many of the holes reported are close to the known reef structure so they aren't really expanding the resource by much either but I have no doubt that will come as the rest of the results come through. Thomas seems to think (judging by his commentary) that there is a higher grade source somewhere that they may uncover at some point. Seems like wishful thinking but who knows.

At 3c the chart is pretty oversold on most short timeframes, and there is a trend line that I think it will find support on. Wouldn't be surprised to see a OSB here but it's unlikely to recover significantly until we get more results.

I think this is just part of the process a stock needs to go through to get to a realistic JORC resource. Let's see. At least we know the big boys are still in for the ride at these pitiful volumes.

Cheers,

DMac