I did warn the market yesterday with no acknowledgement....i owned the shares one day and lost 15K.
I reviewed the drilling results the night before with a MD of a gold exploration company and he pointed out to me how could you not have seen the 5 mtr samples being you have/do exploration work with him for gold and i said i was just so excited to see the grades i closed the document then started chomping shares.
After our discussion i felt stupid, sick and new i was going to get smoked so i dumped just after market open then advised all.
My friends comments, that is in his opinion anyway in respects to the results, were that such he believed providing results like that was misleading investors and bordering on unethical. All of this prior to any news of Director sell off
But he also said even the best GEO wouldn't now for sure with the information/results to date whether or not there is scope for more exploration upside. Plus he did say as an educated guess based on existing/new results 15-17MC was likely their best intrinsic value.
Hence why I got out.....no upside big risk...anyway i hope a miracle happens for remaining holders and they smile down the track this sheet is just not good enough in this day and age.
NTM Price at posting:
4.2¢ Sentiment: Sell Disclosure: Not Held
