Hi Sue here are my thoughts on your question ! No downramping, or ramping, just my thoughts , I have been a holder for a long time and I don't ramp or downramp, I just post my opinion at the relative time !
A few here ( so many holders I suspect )we're expecting Tolukuma would have 1 million plus oz of gold in ground ! Now given we know Tolukuma is being sold for a tiny $500k plus $1.5 million on a possible lole mining listing, then clearly that is seen as very low, so a negative on the coming SP imho !
Add to this the TH for rock chip samples?? It states for assay results, but I have a feeling it was to get the Tolukuma sale out, as I personally cannot see how a TH for surface Rock chip samples will seriously put upward pressure on the Share price? Rock chip samples from Tolukuma never did anything for the SP as they hold little in term of substance, it is drilling results that will move the SP imho !
So all in all, unless we see some kind of super spectacular surface Rock grab samples, , I can see this getting heavily dumped on open, especially those holding for gold !
This is just my thoughts , I could be wrong but surface samples hold little substance imho, so TH for that???
TH for selling a "major "asset sure, but then for $2m????
Ann: PNG Project Sale, page-61
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