The SP has fail to move on the last two positive announcments due to fact that the market is an impatient beast and it has taken much longer than expected to get drilling done.
This is due to a number of factors which have been outside the control of the company. The weather has been wet which has slowed drilling and the lab has dropped the ball in getting results through.
Thankfully the company have managed to source more rigs and have also stated that they have changed labs to achieve better turnaround times on results. The weather is also expected to be more favourable.
Now every trader/investor has a different timetable and I think that some have a shorter view than others.
With better turnaround times and CONSTANT positive newsflow I think the SP will react very favourably.
AVB Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held