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Nice analysis pygmyhippo. Let's hope the assays show some nice...

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sonofkong

378 Posts.

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08/05/17

16:32

Post #: 24548457
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Originally posted by pygmyhipppo ↑

The elephant in the room - and probably responsible for the share price slide - is of course that according to the Quarterly, the company has now seen and partially logged 1,267.75m of drill core and hasn't had anything positive to say about it. In particular, "visible gold" has not been mentioned.

My view is that they are just being conservative and holding their cards close to their chest until they see assays, as it would be irresponsible to talk it up now and then come out with assays that might not quite match the hype, or talk it down now (with another commensurate slide in share price) before coming out with great assays.

Until proven otherwise, that's my take, but of course there is a risk that all we're going to get from these drill holes is a better understanding of the geology at Topacio, and some vectors for the next round of drilling, so I hope I won't have to look up recipes for humble pie (again).

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Nice analysis pygmyhippo. Let's hope the assays show some nice results

OVL Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $43.82M

Open	High	Low	Value	Volume
0.8¢	0.9¢	0.8¢	$17.91K	2.115M

Buyers (Bids)

No.	Vol.	Price($)
46	12830028	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	8861521	15

View Market Depth

No.	Vol.	Price($)
46	12830028	0.008
39	18993183	0.007
28	16822399	0.006
44	13908233	0.005
15	10825016	0.004

Price($)	Vol.	No.
0.009	8861521	15
0.010	9826421	15
0.011	3221190	5
0.012	2619999	5
0.013	1177743	4

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