The drilling looks to be mostly infill drilling and at the side of the known resource, so we'll get more of the same. A few good hits here and there and a big yawn from the market.
They needed to do some drilling in wider areas (if there are any conductors there) so that NEW mineralization could wake up the SP. As they keep drilling in the same places all the time, all that is happening is shareholder funds are being used up. You can't excite the market with more of the same.
I'm responsible for the SP originally going below 20c as I sold most of my position at a loss, the rest went at 16c.
KGL Price at posting:
12.5¢ Sentiment: None Disclosure: Not Held
