Definately alot more work to do, but the thing that tripped the traders out was the mention of them looking at making an acquisition . No one asked them about this so why did they say anything ? The explanation clipped it's wings immediately . People think immediately 'we don't have alot of cash ..... how, who, what, capital ?'.
They should have done their dd in private, mentioned the radio interview in the response, then released a seperate drill announcement . Shabby, imo . Decimated yesterdays gains .
BDR Price at posting:
22.5¢ Sentiment: LT Buy Disclosure: Held