Company lost a lot of street cred with the initial drilling program which was not targeted , and had the SP at 1.8. Looked like a no brainer-at the time and a lot of punters including myself were burnt when there was no follow on drilling- (despite some encouraging grades.) I believe that the Pope was also expecting some stiff environmental opposition and the natives were beginning to stir as the first work was scheduled.This led to a general malaise and lack of enthusiasm for Mary River. However now the stars have aligned for EPM, and the project, due to a combination of factors. Yes, I am surprised at the lack of spark so far in the SP , however the big line wiper of early in the month didn't seem to get out of bed until 2 pm....also good oppurtunity.(..prob the last) for punters to get in below a cent......
EPM Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
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