Partially agree. But its a big system. Lots of perspective spots still to drill including going deeper with the big rigs that are now in loc. Time will tell.
I agree it wasn't a great result. But very early days and a large area of mineralization to be drilled. I don't think after results of hole 2 many punters were expecting much different out of hole 3. For that matter I don't expect much out of hole 4 and 5 as holes 2 to 5 are all in same area.
There was definately some movement south after the announcement that was expected to drive the sp up. It may have had a lot to do wit the fact that some firm called "Nominees" something or other off loaded all 5 million of their shares which caused a bit of stampede as share holders followed...
Does that mean that today there was some solid buying to push the price up and completely change the buy -sell ratios around? Things may be about to swing upward in anticipation of future good assay results due out any time.
Kennas I think the expectation was a result of the thousands of soil samples that indicated gold and copper all around the Andewa site. When combined with references in company reports comparing this site to the same soil samples and geography of Lahir, this really set expectations high. I have...
The 3D anomolies were enormous for Andewa, theoretically it can fit the Lihir deposit inside it a bunch of times. Surprised a the strong sell off on a assay result that was short, not necessarily in the best place yet contained gold and copper albeit modest levels. I would think that this...
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