ABU and SBL

Here is how the market behaved irrationally. With a drilling result in a new area, at over 26m at 5.53g Au/t, the share price drifted lower along with the broader market. How idiotic is that?

I am sitting on a bid for SBL at 1.5c. Could have got some at 1.6c but I am not desperate for it. Tomorrow if the markets abroad continue to fall, I might even drop the price a bit more. There have to be more idiotic sellers!

With such a drastic fall, there must be a few margin lending calls today. Never ever borrow to invest unless you can service the debt with ease. I can service mine easily because my wife would not let me have all her cash!