Ann: Lake Goongarrie Diamond Core Drilling Update, page-31

I agree with previous posters. I cannot understand selling at these levels, unless people want to crystallise a loss for tax purposes or there is a pressing opportunity cost to holding.* But, it seems to me, our current MC doesn't even take into account Menzies, let alone Goongarrie. People expecting economic grades on the very first two holes are naive. However, I do believe that the last Crux interview set expectations very high., and may have led to today's reaction. Or, over-reaction, as I see it.

It's always tempting to rip the bandaid off, in cases like this, but irrational gloom is just as bad as irrational exuberance.

These are just my musings. Not advice.

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* In this market, if anyone knows of a better buy than this right now, ht me up on Twitter, because I'd love to know.