I think you might find the share price will start to rise once drilling starts in a couple of weeks and may continue until the day results are released. The extent of the rise may depend on a few things:
- how upbeat, confident and positive management are in their next announcements, particularly the one to announce drilling. Would be nice to see some more comparisons of similar prospects, peers, etc and a talk of the potential at Sunrise.
- whether any announcements will be made during the drilling, such as other sampling, visuals, etc.
- the amount directors participated in the last cap raise which will have to firstly be approved at an EGM with 28 days notice.
- the broader market recognising that what we are drilling has the potential to quite quickly become a low grade, low cost mining operation.
I would like to see directors putting a decent amount of money into this and we will probably get to find out how much they do, before the drilling results are released.
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