Why are shares dropping?
Lot of traders and CR clients waiting for this news to sell into, was obvious 'good news pump'
Down day on market
Disappointing grade (2.19% vs 2.5% vs Deep hole avg 2.7%) on expected tonnes
Hard to get a read on high-grade subset distribution, MRE section scale is a joke (0-0.5%, 0.5-1%, 1-1.5%, 1.5-2%, 2-5%, >5%)
Obfuscates the detail of what tonnes where is around the obvious small >5% starter pit (why would they do that, def deliberate)
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- Ann: Maiden Mineral Resource Estimate 261MT at 2.19% TREO average
Why are shares dropping?Lot of traders and CR clients waiting...
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