Re: Trading and Drilling Update
in response to
by
posted on
Dec 14, 2010 06:07PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
It is certainly true that some companies put out loads of NRs.
Focus Ventures recently put out a NR that said "we're going to be drilling at Chucara", followed 2 weeks later by "we're about to start drilling at Chucara", followed finally by "guess what? we're drilling at Chucara!".
Frankly, it was a bit silly. It also did little for their share price.
In GNH's case, "we're going to X" and "we're in the middle of X" aren't going to result in any share appreciation either. Just a big yawn. The only NRs that they need to release are assays that demonstrate a mineable resource. Or financings, of course.