Management of Ashburton are unlucky at this point in time. I believe they were enormously unlucky with the first results. I wouldnt be suprised if the second round of results come back far more positive. There is gold in the area, its just finding it that has been difficult to date. There are directors with massive holdings and i am sure that they would like to see their net worth increase enormously. People dont throw millions of dollars into searching for gold for fun. They would all (management) be very nervous and doing everything possible to find the massive results they started for in the first place. Im very confident with the Management Team. I am disapointed that i have lost tens of thousands of dollars at the moment. I am holding and have every confidence they will make the appropriate decisions to ensure past and present shareholders return in droves to create a major increase in the share price. Remember, it is only the first drill results and they will be making many, many more. Share price was very cheap in many investors eyes at 4-5 cents some time ago. Remember that the Directors hold very large parcels of the stock. That in itself gives me far more confidence in moving forward as losing many millions of dollars is not fun by any means.
To all that continue to hold, good luck and may the gold fairy bring us all a nice ending to this fairytale.
ATN Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
