REE 0.00% 1.3¢ rarex limited

Ann: Trading Halt, page-48

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 2,496 Posts.
    lightbulb Created with Sketch. 319

    I don't know where you are getting anywhere up to 2-3 months for the next Trundle results from. Hole 6 is close to finished drilling and Hole 2 is only a pretty moderate extension. It's the only thing Kincora are going to be working on now.

    We can now clearly see that the delay of results from Holes 4, 3 and 5 were due to them opening Hole 6 and wanting to have something positive to say in the short term. They clearly have had the assays results from these holes for quite some time and this would have led them to make the obviously unplanned decision to open the new hoie.

    Kincora would have seen the results from Hole 4 weeks ago absolutely weeks and weeks ago and would have known they can't go to the market on that alone. Then when the lower part of Hole 5 "missed", Hole 6 became a thing.

    The announcement said that "rock chip samples were collected and are currently being assayed". Also, visually, "intersecting intense propylitic alteration with some veined zones hosting chalcopyrite mineralization" has been found.

    Kincora knows the market is anxiously awaiting these results will get them to the market as soon as they are able. I am not on top of my assay timing, but in the next... couple of weeks?... I would think it would be smart of Kincora to put out a short announcement of these smaller assay results, whatever visuals they have and an updated timetable of Holes 6 and 2. This seems pretty reasonable.
 
watchlist Created with Sketch. Add REE (ASX) to my watchlist
(20min delay)
Last
1.3¢
Change
0.000(0.00%)
Mkt cap ! $10.27M
Open High Low Value Volume
1.4¢ 1.4¢ 1.3¢ $6.173K 451.7K

Buyers (Bids)

No. Vol. Price($)
9 578750 1.3¢
 

Sellers (Offers)

Price($) Vol. No.
1.4¢ 2822636 7
View Market Depth
Last trade - 15.30pm 07/10/2024 (20 minute delay) ?
REE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.