Drill results going forward are below the DFS parameters, is why I believe they aren't really moving the SP in last 2 mths. They'll be included in Q3 resource statements, so that's a bit of a wait for financial definion of last few assays.
The SP not tracking the gold price this month makes me wonder what's going on... people taking gains from prior 25c?
Stop losses being hit for swing traders?
I was adding parcels consistently for a year, throughout 2016, VWAP 22c and haven't taken any profits off the table, expecting positives from this DFS as the last one was so badly done I felt it undervalued the reserve considerably. I am still hoping this DFS will deliver $0.80-1.20.
I haven't seen anything recently that would lower my expectations (all they keep doing is finding more gold) however at the other end of the country (North) they have been dealing with Malian refugees from terrorism and potential famine; if there's a fundamental reason rather than just Quarterly report traders then perhaps that's it?
Drill results going forward are below the DFS parameters, is why...
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