Ouch, down 63% today to 1.7c. I should note I don't have any proper understanding of what is going on. I wanted to learn after seeing the director purchases and commentary here, but did not get round to doing research. 

The announcement seems to have been terrible based on the commentary on HC (it's hard to know how much credibility to put into that and concerning the CEO seems to be a poster, how is that okay seems beyond me given all the rules around disclosure). However, I can't believe the sort of drill results released wasn't in the mind of the Chair when they were buying up over $100,000 of stock at between 3-4 cents while waiting for the results. Possibly he completely misread the initial drill samples that seemed encouraging, had/is/has a high risk appetite or this has been oversold, though again without understanding this I can't really make any judgement.

Interested for any thoughts on the announcement and prospects going forward?