I am wondering what "Low Yielding" means in the context of the announcement - Just want to know - not saying its bad or anything.
I think the JORC code may be working against us by keeping the "well this is what we think the drilling says is under the ground" information out of the market, because insufficient drilling has been done. But puts it in the hands of sophisticated shareholders.
I see analysis in Damascus's post which is capable of being sanity tested and proven up, but at the same time he does not have the "official seal of approval" so to speak from the company. So again its a lack of information from the company that is (one of the things) that is killing this share price.
Anyway this news is sufficient for me to go from negative (due to the company's track record in blowing up everything it has tried since 2005) to a cautiously neutral and buy with spare change but don't bet the farm!
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Ann: AQC 2012 Drilling Program Update , page-6
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