All IMHO...... it's because there is "no change" to the story....

All IMHO...

... it's because there is "no change" to the story. So we've drifted today. Probably some "buy rumour, sell fact", general market volatility, and the price increase of past few weeks.

No-one doubted the geology. The announcement confirms what people have already based their price on. The kick-ups will occur when there's progress on farm in/out, forward sales and actual extraction. Or a takeover (likely sooner rather the later IMHO).

Please don't get me wrong, I love regular progress announcements. And this one is correctly labelled "price sensitive".

Disclosure: I hold this stock. It will pay fees for my daughter's fancy school.