could be multiples of answers to your question? Noticed someone sold a larger parcel "at market" this morning and this perhaps got a few others going? A couple of larger sales were crossed around the .85cps mark as well. I happened to be watching at the time and they were not in depth (either way), hence someone was perhaps cooking or booking the trade..lol..
Markets are not crash hot and perhaps a holder just wanted out? Many longer term holders are sitting on large profits as well. People get the jitters sometimes when they perceive that they see their profits diminishing?
Nothing has changed for Andean and a couple of drill results are still outstanding atm and are due soon.
The drill season is now closed for Andean (winter) and not due to start again for a month or so. Same thing happened last year when stock was sold off, although this year we have the addition of a crash scenario.
There will be a new resource estimate due out this quarter. This should show a fair increase in what was previously documented. A roadshow in Canada is due to start as well. (Unsure of dates)
The new Eureka zone has been showing some excellent figures (silver and gold) and looks like it is going to be a substantial find. Added to the existing Vein Zone all looks promising for the future.
Best idea is to read through the latest quarterly (asx announcements) where there is some pretty good info on hand.
Come back to me in 6 - 12 months time and tell me that it was not a steel at these prices.
Good investing.
AND Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held