ERW 3.28% 5.9¢ errawarra resources ltd

Ann: Soil Sampling Completed at Pinderi Hill Project, page-3

  1. 6,209 Posts.
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    Can't do any drilling until we get Heritage Clearance for eack lease. So soil sampling and rock chipping is all we can do at the moment. Why the share price is down at 6.5c today beats me. Market cap is extraordinarily low given we our main lease next to AZS/RDN. Todays announcement was not even related to this lease, it relate to the Pinderi lease and no value in terms of share price seems to have been allocated to Pinderi so far, so why the price drop is unfathomable unless the sellers dont realize this fact or were not aware that soil//rock chips ( at Panderi) is all we can do presently and the announcement has nothing to do with our lease adjacent to AZS. I shake my head in disbelief sometimes re the action of market players ( retail)
 
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