G'Day Quantum -Your comments are no downer as they are common Knowledge & as already stated some 35 million went yesterday. How the Ann is received vs how the market reacts will depend on the content of the Ann. Large Intersections 20mt ,30mt,50mt of commercial grades from surface open at depth beyond 200 mts thought to be hydro-thermal , that could be 250 -400 mts in strike ( yet to be determined) come along how often in Company's with market caps as low as it is.
This target -Kroda is only the first cab off the rank do we think Thunderbird Metals initially picked this tenure purely as a punt -I don't think so. each to their own though their will always be sellers & buyer's the buying strength will determine the s/p run up as it will obviously have to absorb the sellers.
Many Investors understandably will await content & discovery potential before deploying capital, if you have done your research on the tanami-Arunta Orogen you will be aware that the Majors Eg NST, NCM NEM IGO are aligning them selves with any tenure that shows significant discovery potential . 200 Million shares at say one cent is 2 mil AU - peanuts should the tenure indicate the possibility of substantial discovery potential. imo salt
