I have been burnt badly and yes this fiasco smells strongly of leaks.
However
It would seem there are two factors that may have spooked shareholders or sources of information that could be called a leak.
One in the public domain is the weather. My son is on the ground east of Mt Edwards and has been stood done over the last couple of weeks. I did not join the dots but a new holder to ESR who should have done more research as to the drilling program.
The other factor is a negative assessment of the collar or finds/core on site. One beer spilling member of the drill/field team could easily generate the race for the gate. We all have mates who have mates who have mates etc.
Perhaps the ASX or ASIC may get some names from those exiting big numbers but very doubtful as those of us who have traded over the years know full well.
For now
Whats next, where too from here? Just what are NMT interested in?
The damage is done but there will be tomorrow
Sally
ESR Price at posting:
4.6¢ Sentiment: Hold Disclosure: Held
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