You have to remember that plenty of people bought in the 30 - 37c range before the drilling started and let's be honest, you'd be pretty sour about the SP drop after the initial result was a duster. There will be people who don't care about what comes from the DHEM, they just want an opportunity to offload their shares and run, which is fair enough. There will also be the people selling for tax purposes so the SP might not move all that fast until July.
This could be a gift to those who missed out on buying in before the first drill hole and get a second chance to get in for a retest of the conductor, without the risk of missing it this time (well it's slim to miss it now.) The best part about the fact they missed the conductor, for me at least, is that I can now buy in at half the price you could of previously, without that risk of missing the conductor. After all, SIR were only several meters away from missing the conductor on their discovery hole, so it's not exactly shocking that BOA missed theirs.
Let's just hope the lab results come back with promising data that backs up the idea of drilling a second hole.
BOA Price at posting:
15.0¢ Sentiment: None Disclosure: Held
