Smezz, All depends on analysis from drilling and p.o.g in $Aus....

Smezz, All depends on analysis from drilling and p.o.g in $Aus.

Good results (in accord with hopeful indications from currently released results) and an announcement to continue mining and the sp will not tank but will go up again. Bad results - and a decision not to go ahead with mining then likely it will go further down and not recover until Groundrush is an ongoing real deal. People will be hanging out for results till after drilling is expected to finish in February. Judging from some fairly substantial increases in holdings of a large shareholder lately (the very hopeful and aptly named "Future Rise Investments Limited"), there are those who one would assume are reasonably sophisticated investors and are confident (or hopeful) enough to put their money up now at the current sp to increase their holdings. The company will certainly need more money next year - but if really good drilling results, then it should be able to get money without too much difficulty.

I have a hold on it, but if I had money to spare I'd make it a spec buy.