Maybe there are more buyers than sellers at the moment. And the reason is the Justinian holes were over hyped by the management with all that gold "visible" in the samples. I was really peeved in particular re. 10EYRCO111 was claimed to have 31 metres of alteration zone and visible gold (ann. 1/11/2001 ) when the results came through this hole had only 4metres @ 0.25 grams and 4 metres @ 0.05 grams.
This sort of behaviour explains the dissappoinment and the caning the SP is getting from exiting shareholders.
But nevertheless the results from Justinian were good and I expect more gold strikes and a solid recovery in the SP. I am just a bit dissappointed I didn't anticipate the severity of the sell off and average down.
I'm currently holding for the resource upgrade and the next big drill program. I think the geology is very interesting and if this is a little Kalgoorlie/Coolgardie I want to be there went it becomes obvious.
Saltbus
EKM Price at posting:
36.0¢ Sentiment: Hold Disclosure: Held
