Hello Peter,
Thanks for your reply. Your previous comments from RT were excellent, as were your comments about your personal holdings.
My feeling about the CF analysis being late stems from the fact that the intersections have been available for quite some time, given that its a measurement of the length of the kimberlitic intersection that is used to determine, using a model, what the size of the inferred resource is. This information should have been available shortly after the last drill stopped turning, but took about six weeks, released at the beginning of the month.
These intersections are then tested for the homogeneity of the resource using CF analysis. They are processed on an individual basis, like any other drill core. So some are already done, perhaps others not.
Lets see if this makes sense: My worry is that any result other than a homogenous resource will tank the stock. The last NR was disappointing to some, but nonetheless had results worthy of WSP having a mine, through further work. So the stock sells off. Then holds. Then more selloff this week.
Why? Don't know, but the only two issues outstanding that I'm aware of is the CF data and the warrant exercise. It would seem that someone has some reason for dropping the stock. I don't know which, but am surprised with the speed of the descent.
Just my opinion,
Confluence |
