1c party, page-513

What happens if the drilling results are bad?

I had an oil company that shot up to 30% profit from the anticipation of the results. i held until results was out and it was bad, really bad, no oil. there were 7 targets and i thought we would have at least hit one oil deposit but no and the SP dropped to -60%. i had to sell.

The same will happen for any stock if the results is bad especially on this drill for DDD because it setups the foundation for other deposit. if you can't trust the historical data at Donkey Hill and Currajong, then there is doubt on all other deposits.

This has happened to me with XTC which is why i am out of that stock now.

That is why selling out half now can be a good strategy. regardless if the results are bad or not, it will only effect your profits and not your initial investment, so a win-win prospective.

We do have some reassurance that there is gold there from the trial run of the plant with 10,000 tonnes of mullock.

i am hoping the grades from drilling are similar or better than historical data.