XAO 0.61% 7,897.5 all ordinaries

it's going to be very interesting to see how it trades today,...

  1. 530 Posts.
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    it's going to be very interesting to see how it trades today, whether it rallies or is a bit of a liquidity event. Realistically, the latest drill hole didn't really prove much.

    There is a lot of expectation built into the SP & this upcoming drilling program. I get the vibe that a lot of holders are waiting/hoping/expecting that this drilling program will put a rocket under the SP again, but I'm not terribly sure it will. It's a different market to last year & a lot of expectation already built in.

    250m+ intersections are expected. Largest resource in the world is expected. The element of surprise, which I reckon is what the SP needs, really isn't there. The comments around the CR by Klaus and the lack of Chinese interest for the foreseeable future take away that "unexpected news" event.
 
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