Your observations are 100% the sentiment felt by most of those watching the price action.
Knowing where the volumes came from last week has proven to me that on this occasion that the volume preceding Monday's action had absolutely nothing to do with news put out on Monday nor were they insiders.
However perception is portrayed by the action of the market as you quite rightly indicated.
There is only one way to turn that perception around. That is for the Company to come out and explain that these log observations are encouraging.
I would have expected the market to react in the way that it did, if they did not intersect manganese rich zones beneath the surface. The fact that they have achieved this in the majority of holes is very encouraging at such an early stage.
So far as drill log observations go, I have no idea what more could have been expected, even by the greatest optimist.
IMO DYOR
ARM Price at posting:
71.5¢ Sentiment: None Disclosure: Held
