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14/03/18
17:59
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Originally posted by Maverick7
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The question is: why was this announcement made when the results were not what the market was expecting??
These results were not even assays but just photos and visual estimates of core from 1 hole of a 4 hole program?
The options are:
1) The MD thought it would be received positively by the market??
2) There was a leak of visual results.
Only if there was a leak of visual results (unlikely) should this announcement have been made, otherwise the results should have only been announced after all 4 holes had been drilled with visuals and or assays.
Either way shows at best a leaky ship, and at worst very poor judgement from the MD.
Lucky enough to sell out at break even but feeling for many shareholders who bought over the last few days at significantly higher prices.
Cheers
Maverick
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You'd rather a company held back results hoping for better ones? I think the fact that they did report these results is the one positive we can take from the days shenanigans. At least the market is trading on an informed basis