Thanks for your long and detailed reply. Hats off to you for your detailed analyses.
If it is directors selling shares to fund option conversions, we might see 3Y forms tomorrow.
I was wondering what AG and AU meant until I looked it up in the periodic table and found that Ag was Silver and Au is gold.
T4P I had a favour to ask of you. I invest primarily on technical analysis but would like to know how to read drilling reports. All of AQR's drilling reports tend to sound very upbeat so I can never really tell if the announcement exceeded expectations. Mind you if directors were selling on Friday to convert to options the share price could have gone down in spite of good drill results.
Do you know of any website which provides tips on how to read geological drilling reports? For example, what grade is considered to be good and what is considered to be bad? Also how resource can be estimated based on information provided in drilling reports. Thanks T4P.
AQR Price at posting:
37.0¢ Sentiment: Hold Disclosure: Held