Fisticuffs at Last Chance saloon

If you look at the timing of potential newsflow suggested....ie trenching results in December and Assays in January....then right now is the last chance anyone would have of shaking the tree to pickup cheap stock before the these scheduled announcements. Everyone knows if grades do run 10g/t or north what will happen. Its almost a given.

If you were an insto/broker who had just been on a site visit (which there has been plenty of recently) and were convinced of the potential....then you would be pretty busy right now working out how to get cheaper stock than currently on offer (especially since a discount placement is probably out of the question!).

Right now is also the lull in newsflow everyone knew would occur. Combine this with a real lack of faith in this discovery by Australian retail and you have your last opportunity to pick up cheaper stock.



Kaiser in his latest "Discovery Watch Nov 17, 2017 with Jim Goddard and John Kaiser" states that traders bots were "perfectly timed" to take the price down. He muses about the ASX allowing such trading to occur. Not sure what impact that has had - but some seem to point towards it with venom.


Timing as they say is everything......