How does assay testing work?
I assume they did the first test as a seperate item and sent it off to the lab hoping that it would be an early excitement booster for investors.
Were the remaining drill locations all sent to the labs as one parccel, or would they all be sent away as they were retrieved.
I only ask, because if they were sent in a stagnated manner then management would have results on most/if not all of the drills by now and are not releasing them (for whatever reason).
I hate to speculate. But this would mean the results are not the best, and they're holding out waiting for all the results before making an annoucement.
Of course, if all the assays were sent in at the same time, then it'll all be lumped on us in 1 hit and it'll be bang or bust time.
I've sold out of a few other shares pre Xmas that are due for important announcements that could see a major spike or major loss. The market is pretty bad at the moment, so I'll only be carrying 1 such spec share with news due imminently. TNG is it. I'm keen to see this ann and am satisfied that the SP will be 20+cents in 2013(regardless of these assays results).
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