Post by
Blazesb on May 02, 2022 6:40pm
Sentiment
Sentiment drives markets in the short term.
There's no getting around it. Shareholders headed to the doors today in droves because they're tired of waiting for the administrative courts decision on Aznacollar.
For management to actively petition the court to delay their decision pending resolution of the criminal case was a bit too much for this market to take.
The good news is it changes nothing.
For over a year now this company has been about duplicating old holes to confirm historic grades and drilling new holes to define/expand the resource. Getting these out of the lab has been a real bottleneck. To speed things up the company has announced they are looking for a second lab.
Eight drilling rigs are presently running.
If you aren't prepared to wait up to four more years it will take to drill and define the resource and, yes, for the Administrative court ruling, then why are you invested in EMO?
I mean do you really give a flying f*ck about sentiment?
Cheers.
.