Yes - look - really this is just a great lesson in how the market works on short term sentiment. Highly relevant to data traders, but just white noise if you are in this for the longer term, based on a rational assessment of likely long term value.
when I read the drill results, I was actually very pleased! It's only early exploratory reconnaissance - on 6 possible targets - to see if they are worth deep drilling. I was expecting a real possibility that most would be duds. For me - a "bad" result was less than half of them would be worth follow up.
When end I read the results - and found that five out of the six have the right kind of magic geology, with follow up deep drilling planned - I think that's an extremely positive result!
But it's not instant gratification - and ppl expecting an instance bonanza are disappointed. So a quick sell off. That's fine by me. I'll be accumulating steadily at these levels.
best wishes to all
Dave
