RE:RE:RE:Really surprised by today's actionWinwarrior, I agree I think a lot of people lost their shirts today (although only 60K traded hands). The share price has suffered a six month drag waiting on Mulloy drill results and today the stress finally fractured peoples patience. Unfortunately, eventhough I believe news is coming soon, I also believe the drill result news won't be "exceptional" enough to give the SP much of a boost.
I'm more interested in what M.England does with the many other vaiables he has at his disposal to boost SP. He has lots of good properties with actual finds. He will just have to be creative to get work done withought spending money... and it seems he has the capacity to do so - evidenced by the completion of the last two land deals (shares instead of cash). I suspect he and his team have been busy readying counter measures to offset the Mulloy results and get this company moving again. And that is why I suspect we are going to get flooded with NRs in the next little while. The difficult part will be suffering through the potential selloff on the Mulloy results and waiting for the rebound/counter measures.
Personally I prefer the dream that they found Hydrothermal or diamonds at Mulloy and have been so buzy setting up trust funds and tax shelters that they simply haven't had the time to release the news ;)