if its a duster why wouldnt the pro's decide to aabandon it. just wondering y they would continue.
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pro's? the company or investors?
If it's the company, there still remains at least a secondary target at TD and to gain further information on the geology to better help with the rest of their drilling program..
There are a lot of non specialists trading this stock.
Also, it's not confirmed that they missed the second primary target, but they're mentioning Crown Pt. formation which is bad - ie it's below Tirrawarra. To have the two primary formations perhaps not even present (and the absence not even mentioned) and to make a point of focussing on the rest of the drilling program generally points to trying to soften the blow of a duster.
This isn't neccessarily the case though. The Tirrawarra might still be in play, they do seem uncertain. I would be a lot happier about them if they acknowledged they missed the primary targets and didn't pretend it's not happening. Still the rest of the drilling program DOES look good. Getting on after Blamore was always going to be a good entry point (90% chance of a duster, get in on the initial selling hold for CBM)
CTP Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
