I feel today's sell off would be mainly due to traders/holders expecting that L259 was going to be larger than the announced 78-108 hectares.
In the previous investor preso it read L259 was confirmed as 108hec but possibly larger, due to BOD normally under promising then over delivery I expect many were anticipating L259 to be alot larger.
I'm personally happy with the announcement, was as expected I just don't think people realise just how big 108hec is.
Anyway hopefully after a couple of unhappy holders sold today with the herd paniking and following we will regain some composure tomorrow and the shareprice will recover, fingers crossed.
Alot to look forward to in the coming months, hopefully all goes according to plan.
Goodluck holders.
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