ATN 0.00% 0.2¢ ashburton minerals limited

exhibiting signs of a bottom, page-3

  1. 11,407 Posts.
    It sure is hitting the bottom...down 18%, 4.2 and still doulbe what it was 14 days ago when they released "Finished Mt Webber Drilling Campaign" highlighting a significant Copper find.

    From a tiny 2.1c that day, the managing director was delighted to report

    "This is an excellent result that bodes well for the potential of the Pokali area to host a significant coherent body of copper mineralisation."

    and the shares went up 500%.

    Amazing.

    Now yesterday when lab results we're given to the market, ATN reported they we're delighted with 0.36% copper.

    The market has spoken about how delighted they are with shres price falling almost 50% since yesterday which imo is still possible 3-4 times higher than it should be at 4c.

    Company;s making such colourful announcements to the ASX like PRW also did gives the company a good run like it did, but from then, I would almost certainly say most share traders and investors have put the competetence level of the company down about 90% imo.

    I would be happy its still 100% up from where it was before making the announcements of failure.
 
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