although i did not sellAlthough I did not sell yet, I agree that there is not too much short term upside on the stock until next drill program in place, hopefully, management will develop loose model based on these drill holes, and get special interest groups and special situations funds in to absorb large blocks of stock, and slowly put upwards pressure on the stock for a future financing for more drilling at lower dilution. usually at this stage managment will do another insider and close circle financing to key industry and market people to position them prior to the next market push, we shall see what unfolds, and how much and how quickly the speculators sell to the longer investor minded players.
One thing , if this drill hole had been announced at the same time as the others, there would not have been a quick correction in the stock.
Generally speaking, if it turns out to be open pit mining, anything over 5 g/t would be very rich at todays gold prices.
At the current market cap, this company looks to be undervalued, I think that the geologists planning the next phase drill program are (to coin a phrase) "licking their chops"