Ann: Second new gold deposit defined at Sandstone project, page-78

Good summary Nccc.

Flush the stale out and get going.
I think retail investors struggle to understand the concept that certain top 20 non-marginal holders have different risk/reward appetites and certainly have to take profits/reassess their portfolio during COVID-19. Which often leads to selling pressure.

However, in saying that, these players can often let the reassessment skew their fundamental terms & can be detrimental at times.

Clear example (DEG): Regal often get a number of investments wrong. They have been in DEG for a long time whilst soaking their allocation in cap raise shares each time, which resulted in consistent pressure after the watermelon nugget Pilbara rush. Once the hype evaporated and the hot money left, DEG continued to increase resource scale & sequentially unlock the region in a more delineated version with Ed stepping on the BOD. Back to Regal, they continued selling their cap raise % allocation until DEG went to lows of 3-4's WHILST DEG were announcing the discovery of Hemi.

3months later, 40c high the other day, let that sink in on how these larger holders can often incorrectly analyse their holding terms.

Retail remain an important role in the financial markets, don't be encouraged to sell due to seller pressure with current SOI when it can clearly swing 100% in a day & go forth to multi-bag. 10 000m of assays pending on these intrusion-related targets which can clearly host standalone deposits beside the fact we just put out 600koz update & surpassed the neighbours who currently have a takeover offer. Lol

Also, we all understand with the right management, it can go to mine similarly to BCN, albeit I don't believe we'll make it that far before an offer rolls in with this style of aggressive exploration/discovery ratio.

Kerry Harmanis is a smart bloke along with other top 20 holders in for the long. You can bet they won't let further dilution affect the result, a few cornerstone investors will have their eyes on this, subject to further discoveries ofcourse.