Mirasol Resources Ltd. MRZLF

938m drilled??? Explains the 48% drop.

[itismineallmine]

The nauseatingly weak showing for drilled meters at Sobek is likely the reason the share price has dropped almost 50% since its peak in mid-April.

I can't help but wonder how people knew this before the actual news release and sold to avoid the disappointment of going through the summer with essentially no news. 

Mirasol is its own worst enemy with its two decade history of shamboic project managment. Most other companies would have managed many more drilled meters before season end.

[itismineallmine]

Well, the proof is in the press release. Rushed drills, predictable dusters, big drop in share price, more long-term loss of confidence.  Filo drilled later into the season in the same environment; perhaps the "season end" for Mirasol wasn't winter at all but the realization that the 938m was total junk and they might as well save the effort and hide behind the weather