BUX 7.84% 5.5¢ buxton resources limited

Ann: Double Magic Exploration Success Secures IGO Partnership, page-41

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  1. 3,045 Posts.
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    Nah. These are temporary weather events and mean nothing over the course of exploration timelines. The drift in share price downwards. ostensibly if I read Mr Market correctly, seems to have followed on from the time that IGO bought in. Too coincidental for me to ignore. If you go back to the announcement advising of IGO's buy-in, almost the last paragraph states that a technical team will be setup between IGO and BUX to progress drilling and geophysics plans going forward. Can't help but wonder if this arrangement comes with a more "zip the lip" approach. Certainly anything price sensitive as it arises would be announced, but rather I wonder if simple "keep the shareholders" informed updates on progress, plans, timelines, etc etc may be a thing of the past ( not withstanding BUX still states it "manages" the Double Magic exploration effort). Just my musings
 
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