I think the sell down is due to the timing of the drilling with results now expected much later than first forecast. Some punters don't have the patience to wait most of 2016 for this. There's an opportunity cost in staying with AQD when you can go elsewhere and buy back in March or later when results may be expected. I'm happy to sit tight and buy more on the dips. Good luck to all holders.
Ann: Maiden Peru Drill Program Commences, page-3
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