General Discussion Banter GLN, page-2099

It's almost disgusting that the Asx hasn't called this after the second days drop and halted trade.

There's something not right here for an sp to get hammered as this has done and yet still have the only numbers at hole 1 being some of the best in the industry.

We had this annmnt a scant 3 days ago when they were drilling ahead. This also may not be easy ground to drill so to say this hole is a dud atm shows a total lack of patience.

I still hold the view that the MC even at 60c is way to low.

We've heard not a squeak from the company which could be construed the other way, they may have found the same or better brines, they may have not. They might have found a resource with a hydrothermal feeder, they may have found no resource but a hydrothermal feeder to the top zone.

The fact of the matter is that some have taken advantage of the apparent negativity that only exists becos of a few days passing without a bolstering annmnt.

HELLS BELLS GET A GRIP.

I'd hate to think how companies like Anvil Mining would have faired in this day and age on the Asx.

Come to think of it AVL changed domicile to Canada and then went gangbusters with kinsevere. Now I know why. Asx and its predominance of short term trading is wrecking this market.

The Asx market can no longer be trusted imo as they are not doing their job in managing such situations.

Like I say this should have been called on the second day and a halt put in place until the company could annc what they had or don't have at hole 2.

This smells as rotten as the Sydney Fish Markets on a hot summers day when the powers gone down.

Sorry but had to vent on this situation.

I don't really care too much about the loss on paper, I've suffered worse, again becos the Asx didn't hold a particular company to task for non JORCd resource numbers.

If this market can t be trusted perhaps it's time to pull all my money invested in the Asx and go elsewhere where the markets are regulated better. Either that or just go divi shares from now on.
Seriously disappointed Asx. Sad day for spec companies yet again.

Gr.