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22/11/16
21:18
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Originally posted by we9smia
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Thanx for posting John.
I note from your sentiment that you bailed, which is fair enough. EI seem to have been caught out, I expect that all of the data is not present yet to make an informed decision, so possibly more of a trading \ balance decision. I do not hold a big enough position to worry too much. The tables may turn quickly enough as the drill rigs go through and potentially find a whole heap more non refractory gold - only time will tell. Certainly not the bonanza we were all hoping for - however not all is lost yet. Did you end up sitting on some cash or did you redeploy back to BDR ?
Hope you were able to bail at cost or above.
Andy
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Question is.. What's priced into the sp today? What if the first drill results are not representative of the entire area? How will this affect the sp? Or what if they are? then what?