Do you realise how conflicting these statements are ...
“Showing few photos of core samples that show presence of resource when you already have established resource presence - not material evidence for insider trading.”
“If however photos showed no resource or very little resources were resource was expected - that could be considered material evidence.”
The outcome doesn’t determine if it’s material or not, the outcome itself is material ! That’s what you don’t grasp.
You’re saying just because the cores were good, it isn’t material as it was expected, however had they been poor, it would have been material ?
Simply put:-
- The hole looked good, hence why it was up 10%
- If the hole was barren, it would have been down by similar amount
Hence the results are material
AVZ Price at posting:
25.5¢ Sentiment: None Disclosure: Not Held