Hello All,
Looking into this company it seems there is nothing wrong as per last NR Jan 21st. Also looking at the charts the RSI at 22.10. Its never been that low so I beleive based on that alone it should bounce again shortly. Besides jsut going by the charts...news would be great. I emailed the contact below this morning and awaiting some feedback also I posted the latest NR from thier wesite. I cant see anything wrong as there would be no info gathered quite yet from drilling I would imagine so maybe people needed tax loss selling or just wanted out to invest elsewhere. I am investing in this company at any 2.5 cent shares avail..I beleive we will seee it bounce quickly.
CONTACT INFORMATION:
Investor Relations:
Richard Martens Telephone: 1-604-682-2168
Int’l Toll Free: 1-800-266-4484
Facsimile: 1-604-682-2169
rick@andovermining.com
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January 21, 2014, Vancouver, B.C. – ANDOVER MINING CORP. (“Andover” or the “Company”) (AOX-TSX: V) (AOVTF-United States) (R2X-Frankfurt Exchange) subsidiary, Chief Consolidated Mining Company (“Chief”), approximately 83.5% owned by Andover, announced today that drilling has commenced on the Big Hill copper porphyry project. Kennecott Exploration Company (Kennecott) has contracted Tona Tec to carry out the drilling.
Under the terms of the agreement between Chief and Kennecott, Kennecott may earn a 51% interest in the Big Hill project by completing a Pre-feasibility Study or incurring U.S. $20,000,000 in expenditures, whichever occurs first, and an additional 4% interest by funding all project costs until delivery of a Feasibility Study accepted by Rio Tinto plc. Chief is carried on 45% interest until the completion of the Feasibility Study.
Further information on the project will be released as the data is received from Kennecott.