After looking at three of the four companys our chief manager is a director in, there is a very common theme reading through the companys announcements, drilling - high grade - open at depth and along the strike - more drilling to compile a jorc - acquisitions - ????????? But no serious commitment to advance any one to be a producer.
Sound familiar -
They also all have the habit of the share price spiking up when new news starts to flow, 500% or more depending on the entry price, have been achieved in the past and current time, which is nice at the time but not able to be sustained without going to the next level and becoming a producer. There is a lot of questions without a tick in the box, but it is a spec stock and they do have high risk.
Cheers sobeit
BLR Price at posting:
4.9¢ Sentiment: Hold Disclosure: Held
