MZZ 0.00% 7.2¢ matador mining limited

Ann: Matador Reports Additional Winter Drilling Results, page-7

  1. 2ic
    5,667 Posts.
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    Whatever percentage of 6000m core was cut and submitted for assay over 35 holes in the winter drill programme, results would have dribbled back from the lab over a long period of time proportional with drilling and sampling time frame. Hoping the market reaction today appropriately reflects those selling the rumour for some time, the damage is done and results are priced in now. That's exploration risk though, live or die by the drill sword, everyone can't front run the rumour.

    Without much to hang their hat on except 'value' based on new 2 year lows, hoping 15.5c holds until the CR is done and it's not a large pineapple. Fingers crossed second half results turn up a new discovery. Looking at the chart and today's results confession, one assumes a new discovery will be as obvious in the share price rising as it is in quartz-altered drill core...

    Good luck
 
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