Shareholders have long memories too. They probably haven't lost sight of the fact that these guys sat on their arse for the last two years with minimal progress and saw the SP deteriorate to almost nothing.
Will take time to mend that trust and after the six diamond drill holes the SP has dropped two pips lower in a booming copper market.
Looking very sick and seems like they will have to work twice as hard to get this going north again.
Tough market yes, but company haven't done themselves or the holders many favours either. Plenty of other juniors have still shown accelerated appreciation in SP on the back of good news despite market conditions.
Big question is.... will they have the nerve to bleed holders again at a CR price even lower than what the drilling campaign started at?
I doubt they were envisaging this.
Be very interesting.
EVR Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
