Can't see that happening ....... I think the announcement is already factored in and we may not see much of a rise in the SP when we get it ...... unless of course it is "spectacular"
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I think it'll waltz to 3.2 on the new results. If it is astounding and the media get hold of it.....
If the results are outstanding look out for takeover action from the likes of Oceania Gold and friends
In fact Oceania Gold at $A3.60 seems to be wort looking at
What do we need to hear for the results to be spectacular and outstanding!
Go back a couple of months and we had some fun predicting where we thought the SP might be by year end. Quite a few were contemplating 2 cents (I was somewhat more optimistic). The coming announcement would have to be poor for the price to be already factored in. As said previously, I think there is justification for a higher SP purely on the current JORC. So does Matt Hill (he maybe even more biased than I am :) )
If the announcement lives up to the "unheard of grades" it'll be 10+ by end of year. Remember there are more results to come by November as well. Oh and the cash positive bulk sampling starting at the same time.
I want to go to the bar and drink with Jonu - his glass is always half full.
FYI, I tend to agree with you - seems there is some more to go for the SP.
Im quite interested to see what the announcement is, and then how the market reacts, considering others have right made keys points of:
1. theoretical amount there (previous announcement, this weeks, and November)
2. bulk sampling proof of theory - further down the track
3. being a productive mine - way down the track.
I wonder if AMER are still observing in the background?
Hmmm, downward pressure, with announcement due soon....odd
Well maybe not odd, but just market pressures/expectations
I was thinking the same, kinda expected it back around 28 mark
Average trading before a big announcement. Hmm, average results coming through too?