The bid will come from the results as you say and the price will rise and the pump will be on but unfortunately the results will still be impossible to verify against internationally recognised standards of assaying.
By the time the retail crowd arrive it will be too late for decenting voices as they will be drowned out by the hungry mob that will feed off the results and shout down anyone taking a view against the price direction which will be making everyone money. The stock will attract a bigger crowd of true believers and people like me will be taunted by the likes of Andy cheering them on and using his own special brand of school yard ridicule and disingenous politeness. His feeble attempt at downramping RSG today was a sight to behold.
All the while the clever nellies will be selling at great profit to this johnny come lately gullible mob.
Later down the track something just won’t stack up with the propreitary metallurgical technique and the rest will be history. The “result dependant” rally will have run its course and some people will go home very happy, whilst others will go home very unhappy and no one will be there to listen to the unhappy people because on ASX it is buyer beware and ASIC are toothless tigers.
It’s nice to own your own assay scheme which does not have to meet any international standards and also be allowed to publish drill results in stock exchange announcements based on that scheme. Shouldn’t be allowed in my opinion. Trial mining using a propreitary metallurgical extraction method is one thing and OK in my opinion but passing drilling results to the stock market based on a non-standard propreitary assay schemes is a completely diferent thing.
OGX will still send their resource samples to an ISO certified international standard laboratory even now that they have their own onsite lab.
Result dependant.......lol These projects belong in a research centre not on a stock exchange IMO, too many aspects of the company reporting that don’t conform to the norm. Esh
BBX Price at posting:
21.0¢ Sentiment: None Disclosure: Not Held
