gutsy call, page-29

After this afternoon's performance it would have indeed been a gutsy call to buy in again for the weekend!

Thinking of the weekend ahead:

It took them one day to drill 240m on 30 April, according to the Drilling Update on 01 May, having obviously got better drilling conditions in the softer ultramafics and in what appear to be cover rocks shown on the cross section.

That suggests that they might have got another hole in yesterday, plus another in today (or finished yesterday's this morning and then started another this afternoon), in which case they might complete this afternoon's hole and one other hole over the weekend, possibly completing PLRC006 and starting PLRC007 by Monday's open. Not that you can ever really tell what's coming next in the drilling game.

So what might we expect Monday morning:

Trading halt, massive sulphides and ballistic share price

or

Nothing, with the stock down on the open and then painfully declining for the rest of the day?

or

Maybe just another rig breakdown and a bit more rain?


I haven't a clue myself. Obviously they aren't there yet or we would have heard something. But anything could happen over the weekend. Anything at all.

Have a good weekend,





(But don't act on anything I say. I am not a financial adviser and this is not financial advice)