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Why the sell off?, page-5

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rob440

181 Posts.

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14/09/18

11:38

Post #: 35600519
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Originally posted by jk1978 ↑

We were supposed to get high impact regular news flow and this has not materialised. Therefore the market is interpreting this as failure.

Of the drill results released this year there has been nothing above expectations. The deep drilling was a damp squib and this is where the down drift started. St George was another hot prospect that appears to have disappointed based on market reaction, although perhaps CAI are not doing enough to emphasise the significance of these results?

In March the company announced a multitude of new targets and then the August geochem results just affirmed that so 5 months of dead time, investors want to see drill intercepts, not SA and RC.

When a company suggests there will be high impact frequent news flow and it does not emerge, the market takes this to mean results are disappointing. Perhaps that is not the case but the company are responsible for keeping the market informed. Maybe the next six months will finally deliver, but CAI need a good run of truely significant results to turn arround the malaise.

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Well said jk,

we all thought we were on a good thing. Now, those who think they still are bang the drum and those who think otherwise sell out.

CAI Price at posting: 3.1¢ Sentiment: Sell Disclosure: Held
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0 Great analysis

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