With the resource report in the wings, ECU did not have to release this Santa Juana drill report to the public now.
The fact that they have means to me that the resource report is not likely to be out within about two weeks. Any such data should be included in the resource report and to have it included, report checked for crossed Ts, dotted iii and approved, takes time.
That also means that my expectations of a share price rise just before resource report's release will not happen for a while. Yes, I think that news does leak out and thare are usually folks in the know ahead of time to take advantage.
The report may also have been released in support of a fallen share price. I mean why release now when we had nothing for a long time, it was well over due. Oh, because the 50 holes results were only now completed? Naw, they could have released a 30 or even 20 hole report earlier.
This came to nothing because the share price does not seem to have reacted. Most who own these shares already are convinced of the inherent value and have such reports already priced in. All are waiting for the final 'magic' number to come out and show them whether their faith and hope was well placed.
Any negauivity that surfaces is from the impatient and particularly those that want to lower the share price and cause some to take fright and sell to them. And many of the regulars have used the low price to get some more and perhaps average down a bit. So the negativity has been profitable already for some.