News flow is everything in discovery stocks. If you aren't new...

News flow is everything in discovery stocks.

If you aren't new to exploration, you know how important discovery momentum is to the stock price. The low hanging fruit here is to step out along strike/down plunge... but as a consequence of heavy rain and poor ground conditions, they are having to drill elsewhere. If you think today is going to be rough because they hit a duster down dip, what happens now that they are re-sequencing holes, as opposed to stepping out along strike/down plunge?

IMO, hole 5 may be great but may also be a 'sell the news' event... because the experienced/smart traders know that the next several holes are a coin toss.

Once rain lets up and ground conditions improve, they can continue to stepout along strike/down plunge and it will be business as usual. Until then, I would avoid chasing and choose your spots to add, wisely.