Originally posted by mr_delta
Hi Rameez, long time no see clear.png
Yes, a lot of "hope" from us all... with a drilling program in progress all we can now do is wait for that piece of news that has eluded us for a while now... THs are always dicey IMO... we all take it for granted that the news is going to be a blockbuster... in drilling this is more likely what we all tend to think... in most cases, the sp has run up a lot BEFORE the TH and even the slightest of disappointment it crashes or just corrects down (Depending on how high the euphoria was before the TH)... the thing in our favour is we are totally down and out in terms of the sp... no hype is currently built in @ 15c ... this makes us a bit safe from a ho hum announcement tomorrow... if we were sitting at 30c+ at this stage a negative (or a disappointing) report would create a BIGGER sell off from that price...
so all in all, I am happy to sit for 15c NOW when the big news comes in - gives a nice launch pad for the next leg...
we can sit here and discuss it till the cows come home but it will all depend on what we read tomorrow morning (hopefully before 9 am giving us ample time to decipher the results)....
good luck guys... one more sleep (I know some here have complained of not getting sleep clear.png ) ...
In a nutshell, tomorrows SP performance will be gauged by the markets reaction to the announcement. Even though the market can be a very strange animal at times, my guess is that we will see at least 20 cents plus just on the assays let alone anything else they might announce. Just one more step in a long protracted process.
