What this means to me is that I no longer trust the companyto keep its word regarding announcements. The public was told in May that we would know the head grade by late July and it's now early September.
I won't sell out now because I can't see how the gold could have evaporated and also because I believe the timing of announcements is all part of the clever subterfuge that certain companies engage in, for the benefit of the divine circle of investors.
There is some academic research out there on this topic ...and I plan to study it more.
Hi sparrow, at 19.5c we have lost 35% from our intraday high of 30c, and this compares with 19.96% for the basket of companies. You still make a good point about how much other companies have dropped, we at the moment are somewhere at the leading edge of companies that have dropped.
I agree with posters re: selling, if you are going to buy low, then you need to hang on for the ride -look for value ...not the absolute nadir.
Cheers,
SJB
OGX Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held