Deep drilling = high expectations but results announced were pretty unenthusiastic and perceived as a disappointment.
Greenfield Exploration = lots of references since late last year of potential, not a single drill intercept reported yet. Should be dry clear on when drilling will happen and where. Market is disappointed. Where's the 20,000m of non-resource drilling????
St George = earlier in the year this was a 4km target, now only 1km, market is disappointed. Why only 1km? Where's the explanation? Market assumes the worst.
Resource Upgrade = Could be the saving grace, it had better be good!
These are observations, there is nothing subjective about a declining share price.
CAI Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held