Those that sold becuase results were taking their time have an unrealistic time frame on how long drilling takes and the time to analyse.
Those that think the 1st result was a shocker and sold, may be proven correct in time, but please we are talking 1 result from the first drill hole.
The positive was there was gold found in the result, the negative was it was unspectacular grade and narrow.
There are going to be many more to come, and I think the positive is that they released the announcement from a single result. If this continues we will be seeing continuous feeding of information, that hopefully builds a geological picture of what we are dealing with at Batanga.
This will translate to a roller coaster ride as the SP fluctuates from "flee the titanic" to "we hit the mother load". Day traders will be having a field day, but atm all we have here at RMX is a speculative concern, as all who hold should suspect.
As a holder I suspect the results to come shall vary wildly, with the SP to follow. Those that speculate either way are doing just that....guessing.
However those that have experienced a sharp fall / loss of their position today, should temper the disappointment with the knowledge that if the forthcoming results are or significant grade / at depth and open, the SP will fluctuate the other way. Strap yourselves in as its going to be a bumpy ride. GLTAH.
RMX Price at posting:
2.0¢ Sentiment: None Disclosure: Held
