My concerns here were posted regarding the terminology used in a recent announcement...
Right or wrong, it proved a lucky call to exit when I did.
This is shaping up to be a nice resource...and potentially very large...the next lot of drilling will tell us.
One of the problems with such stocks though is the market tend to fall lose interest unless they are making announcements every week or so...with the options expiry dates now past us...and a handful of options exercised...I wonder if the rate of information flow might ease?
This will be worth holding for the nextr round of drilling...so those with timespans that last more then a week or two should see a rising price again.
I guess the problem is how far will it fall in the interim.
Drilling was flagged as being weeks away...a coupold of weeks ago...so one would not expect too long a wait.
I am still waiting to buy back in...most likely when the diamond drilling commences.
Good luck all.
Cheers!
AQR Price at posting:
26.5¢ Sentiment: Hold Disclosure: Not Held