It's fairly typical of small cap companies to trend up before an announcement, and then be sold off no matter how good it is. It is counter intuitive for sure, but just the market dynamics. No matter how good an ann is - some are always hoping it was going to be better. They sell. Others sell to lock in profit before it goes down, which of course makes it go down.
Seems like a reasonable bet the veins get mined at some stage - but that's not going to excite the market now. And the ann was long and confusing enough retailers might not have liked it.
Might see some more luck with the "50 mtrs of mineralisation" holes with results due soon. If they open a new zone to increase pit or incline mine we can see another big resource increase before the PFS.
But even more, the 3 'A' targets a few kms toward Cupric Canyon's massive deposits. I am very keen to see those results. If they signal another big pit is on he cards....we can start thinking of a much bigger processing plant and a real lot more cash coming in. Now that will make it bloody hard to sell on the ann.
MOD Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
Now that will make it bloody hard to sell on the ann.
