Ok, I think calling the sale a dud is going a bit far, on the...

Ok, I think calling the sale a dud is going a bit far, on the flip side saying shareholders are unhappy a mineable resource hasn't been discovered is also a bit far the other way. Regardless how you look at it it's a disappointing announcement. Remember these were the priority areas identified for surveying and future drilling (refer previous anns) as a result of reviewing the purchased IP. To be informed so far these areas are not even worth sinking a drill bit is disheartening. Most shareholders (I'd imagine) were expecting some kind of drill programme to get under way early in the new year.
Again we go back to wait and see.