re: Ann: Further Encouraging Drill Results fo...
I wouldn't worry too much about the lack luster response so far.
As another poster suggested the market quite probably is waiting to see what the details of capital raising thats due to see if it will drag the price lower.
Not to mention there's not a huge amount of results in this one that probably weren't 'expected.' Afterall it was just the first 15 holes I believe.
The announcement states the diamond drill is currently ongoing. The results from this has a bit more potential to help the share price in my opinion as it's not so known whats going on down that deep, or atleast not proven. Throw in the spanish galleon drilling that will occur at some point in the program and there's plenty more results to come.
It's all good at this point, as long as MYG keep producing the goods once this raising is done and things keep progressing to plan the market can only ignore it for so long. Patience is the key as many of us know.
MYG Price at posting:
11.3¢ Sentiment: LT Buy Disclosure: Held
