Just read the announcement, gee whiz, I thought they would have had the result by now.
And who knows, if the results have left Obi yesterday, ie 23rd August 2011, they will reach Jakarta by the end of the week or perhaps 1st week of September, then add in the flight to Perth - ALS laborataries, it would be mid september.
Finally ALS laboratories would aleast take 3-4 weeks for results. My gut feel is early to mid October is when we get the results
Seriously, how pathetic is that!!! The timing is a real let down.
On the positive, we have 502 samples, I am sure there would be some really fantastic results in them
And ofcourse, by the time ALS complete their analysis, more samples would be sent, resulting in few months of successive news (Hopefully positive news)
Judging by the market reaction, --- market is neutral, no selling & very little buying.... On that note I spoke to my broker, who reckons that buying at these levels gives a huge upside to ATN. The broker also reckons that of the stated 1 million oz, the recovery rate could be around 30-40%, which would do wonders for the SP....
Guys do your own research, and hope that the price has a nice significant rise
Cheers mayo
ATN Price at posting:
3.8¢ Sentiment: LT Buy Disclosure: Held
