I think you need to take the announcement/update at face value, drill updates with intersects indicating a potential clay system. So far results have been positive, hence the price action.
You obviously hold a particular sentiment on ENV. Smoke and mirrors, whiff of an oily rag etc. I mean you can argue about the geology, formations, conditions, share some maps etc. But...drill results are drill results, boots on the ground. An actual sample of the present geology.
You mentioned: "It was pretty obvious it was set up for a decent run a while back" - And you still didn't buy/don't hold?
ENV Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)