Drill Results: The Good, Bad and Ugly
Vice President & Senior Editor
Picture this moment: It's dark outside, pre-market, 6am on the west coast in the winter. You are tired but awake and dedicated to seeing if any of the companies you invested in have announced the much anticipated drill results from their fall drilling campaigns. You're scrolling through news and then you see it! A headline and the name of your company beside it. The buzz of excitement is intoxicating, you nervously click the link and see the news. You read the headline and the highlights and see the 'shiny' drill core pictures. Your hands shake and eyes twitch, but not from too much coffee. You don't know exactly what you're looking at but it does look good. You log onto a chat board and other bleary eyed west coasters are coming to the same conclusion. It looks good, really good, amazing even. The word "bonanza" gets thrown around. Your nervous shaking hands turn to excitement, the other tab on your laptop's browser still has that car you have always wanted and only dreamed about. You start to realize this could be it! The time you get your car and maybe even get rich! Suddenly you notice its 629am now and the market is about to open. You scramble to log into your brokerage account. By the time you do the market is open, but your stock is only up a penny. A mere few percent. How can that be? You think to yourself. Then the selling starts… Before the day is done your stock is down 20% and your dreams of cars and vacations have turned to worries about what you will say to your partner when they find out about the stock. You go back to re-read the news, now in a much different mood then the last time you looked at it. You realize you don't really understand what you're even reading. The words like "infill" and "extension" and random feet and metres, still sound good to you. It's at that time you realize you need to better educate yourself if you want to prevent this from happening again.