It sunk because just as it had a mini-run on no news when punters were expecting results, they gave people a reason to sell when they tweeted there’d be no news until late May-mid June.
As mid-June approached and still no announcements, the thought that the holes are dusters increases. Now we’re past mid June, and guess what! Not only no more tweets about progress but no announcements either!
This market at this part of the cycle ain’t hangin’ around for confirmation that they’ve found SFA. Especially on such a thinly traded stock. For all remaining shareholders, I hope they find the motherlode somewhere in all the land that they have. More than happy to buy in again at a higher price if they do.
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