agree with centreman's comment that the geo news was probably on...

agree with centreman's comment that the geo news was probably on par with expectations and hence largely factored in.

imo the main positive take-away from the ann was the detail of ok tedi's committment to progress to 'Advanced Stage Exploration' at bulago with 2x drill rigs for 5,000, from mid april. also of interest was the comment of possible multiple suguma style anomolies (as posted on other fnt thread today by ufx).

while this is not the sort of news that sets the sp on fire for traders imo it is a positive for the medium term and should keep long-term holders happy.

imo the share price downward movement today is due to punters who were waiting for a positive ann to sell on good news. imo the sp will bounce back and reach new highs with any positive drill results from andewa (and later from bulago).

imo the story is only more positive after this ann so why sell now?

k