I am trying to learn more about market psychology and get my head around how market logic works.
I read the below in this mornings news:
"GRYPHON Minerals’ Banfora project in Burkina Faso has confirmed its place among West Africa’s largest undeveloped gold deposits after its gold inventory grew to 4.5 million ounces – more than double the previous figure. The measured, indicated and inferred resource for the Nogbele, Fourkoura, Samavogo and Stinger gold deposits is 56.4 million tonnes at two grams per tonne gold for 3.6 million ounces of gold, using a 0.9gpt cut-off."
Despite this news, the SP has actually fallen 2% today, why would people be selling on announcement such as the above? If i had read the above as soon as it was announcement I would be inclined to buy some stock (I however am a complete newbie to the game)