"If one company looks like it is making a big discovery, then companies with leases close to it run and often run very hard".
Not always the case Siamese no offence
Case in question look @ RMS - AAR next door 1.5 km apart very large intercepts yet AAR barely moved !!. Markets will not always do what we expect them to do. Emotions/sentiment maketh the market
I agree re Vital matter of wait and see. A positive announcement will see a re-rating of sorts. When I hear people talk about going into production in the near future I am very wary especially when information is scant at best by some coy's eg BLR .
Some not all coy's have a different slant when it comes to timeframes for completion as we all know. Nevertheless a resource in the ground is one thing production is a whole different ball game. Time will tell. I remain cautiously optimistic!!.
BIG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
