Yesterday's announcement worries me as they indicated on the first diagram a number of holes on the original (2.4 km)zone for further drilling. To me this means that they have not cracked the drilling on this stretch yet.
Possibly the results from the drilling done over the past few months (which we are watching out for every day) have not been announced to the market yet as the resuts are not great.
I'm not trying to talk the price down but all the other spin about extensions to the resource seems like the usual spin that Forrester is famous for (trying to take the attention off the delivery of results), what he does not realize is that the market has had enough of this and if he wonders why the company is not being re-rated upwards by the market, then he needs to think a bit deeper.
MTB Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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