Have just re-read the 'High grade zone discovery at Bajo Negro' announcement made on the 20/05/09.
In it it stated that a finalised (?) resource estimate was due at the end of May. Thats been and gone, but no announcement.
Then this morning with the ASX opened for the first time since gold dropped from $990 to $945, every gold stock I watch is down, yet AND opened up 7.5% up. I note that a new research paper on the company has been made available, but is there any chance today's strength is related to an imminent announcement regarding the resource estimate.
I have noted before that this stock suffers from insider trading and question whether that might explain todays buying. I guess we will find out in the next few days.
resource estimate
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Last
$2.27 |
Change
0.020(0.89%) |
Mkt cap ! $202.7M | |||
| Open | High | Low | Value | Volume |
| $2.25 | $2.27 | $2.24 | $46.68K | 20.68K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4000 | $2.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.27 | 1882 | 2 |
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| AND (ASX) Chart |