It is not my usual role to play wet blanket but I am uncomfortable with how things stand. Like a lot of us I have been poking around mining and oil shares for years, I have seen drilling information leaked before and it creates and insatiable appetite and millions of shares change hands and sps double and triple in a short period of time and companies are forced to go into trading halts until bona fide news is available.
Not happening here. If the drillers knew that 40 metres >60% fe had been found do you think that the sp would have gone up 50% in four days on relatively small volume? Do you think it would have closed down/even today? Not in my experience of genuine leaks. I never heard of a controlled leak. I would be really pleased to be proved wrong but in the mean time it might be wise to be cautious or it may all end up in tears as it did two months ago.
Pagarsi
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