NFG bouncing underwayToday's news release was not bad news: they weren't "spectacular", but they were "good", especially as it was a 40 metre stepout south of the previous furthest south hole, and testing a new "deepest down plunge hole" depth to date at Keats.
That's good news, extending both the horizontal and the vertical zone successful parameters.
Not much doubt that some of the selling today probably was some traders flipping to E79 though.
Even the trading of E79 didn't make much logical sense either, as it traded down to $1.10 off the opening, before bouncing back to $1.20, at which time its trading got halted.
After re-opening about 4 hours later, it gapped to $1.45 bid, and has traded as high as $1.65 on huge volume.
Meanwhile, NFG dropped from $12.65 opening to as low as $11.42, although it is now flirting between $11.85 and $12.00 as I type.