I sold last week. One concern I had was I think management might have a habit of finding something, then blazing too many holes in to it before they know if it's good or not, ie; going too hard too early. I thought about that, and decided to take some profit while it was around (everything else I own is underwater, so...) because I felt it had been too long between announcements, so they were likely drilling based on appearance of the rocks, vs assays.
So, while the results are still meeting what I would expect from early stage exploration, the market doesn't like it, which is as I feared. So I'll wait and see how the other holes go - they've chucked a bunch in the ground, and are really drilling a bit far ahead of their assays IMO.
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- Ann: Confirmation of Exceptional Gold Grades at Contessa
Ann: Confirmation of Exceptional Gold Grades at Contessa, page-131
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