Good to see you back LK.
The cynic in me is not as confident of such a significant resource upgrade. YRR has only announced 1 upgrade since they floated from 37m/t to 90m/t. Even this was anticipated due to the "leaky ship" nature of this company. The share price gained value before the resource upgrade then once the announcement came out barely changed. Every other supposed "price sensitive" announcement hasn’t been well received by the market. The acquisitions of more tenements therefore dilution of their main resource has seen market sentiment for this company at an all time low. I believe that if past history is anything to go by and there is about to be a significant upgrade to the Gabanintha resource we would be seeing a positive movement in the share price accompanied with good volumes.
ann out, page-23
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