The drillers provided a service which needs to be paid for.
Unfortunately bogged drills are a risk and the issue of difficult ground conditions does raise concerns for the viability of underground mining methods when tunnelling at depth - how much of the ground is clay versus hard rock.
The winter break period will allow assessment of recent drilling core (logging, assay) and then development of Plan B's additional drilling campaign for September to December. All pending access permission to the local property under sale at the moment and availability of drill rigs for the summer period.
From the potential lack of news flow from Victoria during winter, Capital loss Tax selling and any associated capital raise requirements will all place downward pressure on the short term share price. IMHO, 7 - 11 cents per share is likely until a more positively worded announcement is released.
SVY Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
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