Seems to be a pretty common theme that exploration success does not translate into any sustained positive movement in share price (in the short term anyway). Just have a look at the share price performance of XAM (the "winner" of this years Explorer of the Year award).
Its good recognition from industry peers that Southern Nights is a really good discovery - which I think most of us can agree on.... and its not like PEX have closed off the extents of the orebodies yet either - so further upside remains for additional tonnes and grade.
Seems to be a pretty common theme that exploration success does...
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11.5¢ |
Change
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Mkt cap ! $63.91M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 8500 | 1 |
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