re: hard to justify 2c to 6c rise - 0.025% cu.
I'm one of the one's considering profit taking on this stock, though the long term (1995 to now) chart shows plenty of scope for further rises (based only on the "been there before can get there again" philosophy with plenty of gap between the then and now). Check out the chart on bigcharts.
Really I am struggling with these reports. First we have the "technical" report which was so full of geo jargon that the market remained unchanged at 4.5c on the day of the report. Yet the market opened by gapping up to 6c the next morning. Hummm I'm thinking "it must be good after all" I'll read it again - nope can't see what the fuss is about.
Now I'm trying to reconcile the second report with the first report. Looks like they are calling it "Myall creek gold project" and saying "extensive gold and copper deposit". So where's the gold assays in the first report?? None as far as I can see.
Are they saying the results so far indicate there's gold underneath this lot or what. The second report says "at 150 metres" - how does that reconcile with the published assays in the first report which are from 176m. But then they don't contain gold assays anyway.
How come Tony R needs a "public relations consultant to redraft the first report" ???
But then I couldn't understand the significance of MNR Prominent Hill results either...
Perhaps some one could explain what's going one?
pj
EBR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
