Given the stock jumped from memory 27% just before the TH, I reckon they got spooked into going early.
Two days is more than enough, and so while the results were probably in the pipeline somewhere they jumped at shadows so to speak with the intention of circumventing any escape of info.
The previous TH I believe would have been triggered on conversation here on HC about the drill rig being rigged up, which in turn jumped the share price, and so they jumped in with a TH to avoid problems with finalizing their last two exploration property sales.
Both trading jumps just prior to the last two TH's have been on bugger all volume (in relative terms).
Anyway the Red Bore Gossan drilling has been to date nothing more than a positioning exercise. They would have been busily running the proverbial tape measure over their latest information and most likely deciding where they will drill next.
Bring on Friday and let it off the chain.
MI
THX Price at posting:
7.0¢ Sentiment: None Disclosure: Held
