It's Not Over YetWell it wasn't the source of the placer gold at the bottom of the mountain. Drill results can be good or bad. Often the SP is driven up in antcipation of good results only to sell off when they are released. I had my doubts the results would be good. Questions about continuity. width of mineralization, and the ability to buil;d up tonnage. If the results were good it would be possible to buy in at a fair price with the hold period for 10 million shares having just ended. If bad, I could buy more cheap SMD shares. I doubled my posiotion at my average price of 43c.
Last year I didn't sell off when the dismal exploration results came out. It saved me having to hustle up the funds to buy shares in spring. The SP held up quite well despite the brief drop in mid-March when I bought a few shares at 26.5c.
Remember the market moves up and down and keep a few funds available for that buying opportunity.-----MisterMarket