I'm curious about your last paragraph, as I've alluded to in...

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2020Mustang

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22/06/21

20:34

Post #: 53999944
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Originally posted by WatchNact: ↑

Correct on both counts. VWAP matched the ASX closing price and the volume at 3.6 million was bigger than any day last week. VWAP was also higher than last week

Today the price was pushed by low selling volume, and what appears to be plenty of buyers off the screen looking to get the cheapest shares they can.

I think we'd all grown accustomed to 30+ m of gassy coals with every drill and two dusters in a row impacted market confidence, and thus the price, more than it should have. My view is the market will move a lot on the next drill results. The people who jumped in today will look like geniuses if lots of coal is discovered and EXR gets its mojo back, and others are looking to pick up discounted shares if it goes poorly.

I think the next ops update will contain more than single drill results, could be multiple, combined with info about new drill locations, or even more info about flow testing. Guess we'll know soon enough.

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I'm curious about your last paragraph, as I've alluded to in several posts. Does the company not have an obligation to report any information of material significant to the market, or can it hold on to information (such as change of plans, results of multiple holes, some bad, some good) and release the information to the market when it sees fit?

EXR Price at posting: 28.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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