This announcement essentially means nothing. The rock chips were sampled months ago and the radar results didn't indicate anything exceptional or new. The lack of detail generally is concerning i.e. after several months of exploration all they've produced is a high lighted map of a potentially average resource, (remember that the CXO rock chips were 4 times as rich as the single rock chip result A8G keeps trying to hang their hat on). A8G need to release more rock chip results and a drilling plan. At the moment they haven't found anything that wasn't already known by the market and industry months if not years ago.
My current sentiment is that a $20m MC over values A8G and unless the BOD get moving the SP will start the slide quickly given how thin buying support is.
A8G Price at posting:
47.0¢ Sentiment: Hold Disclosure: Held
