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58.0¢ infini resources limited

Ann: $3.4m Strategic Placement to Fast Track Portland Creek, page-38

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batboy

4,282 Posts.

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02/08/24

13:12

Post #: 75044612
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Originally posted by stevenjd: ↑

Even the company has stated, they simply dont know if its proximal or distal, or at what depth.
So there comes the fishing expedition to find it. There is no doubt the soils are outstanding, the question is about the discovery whereabouts of source rock, and to what size MRE. It is a valid bet to anticipate, but it is unknown if the first drills will hit. That is the magic roll of the dice at the ASX casino. But at least the anticipation factor, is what may support the sp, until you know one way or the other, what first drills discover. But dont be surprised if its a miss first round. And prepare for more CR to fund a second drill series if not successful first up. All possibilities are on the table in the casino, including a hot hit that would see further strength and raising at higher prices for continued MRE definition drilling

Just be prepared for all possibilities is what im saying, and a larger raising may have allowed them to keep the market in suspense, until the additional drills hit what they are looking for.

GLTA.

Expand

yes
directors are putting their money where their mouth is
they must have prelim magnetics results
my bet is the drill is turning end of sept

I88 Price at posting: 64.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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Last 58.0¢		Change -0.020(3.33%)		Mkt cap ! $23.93M

Open	High	Low	Value	Volume
62.0¢	62.0¢	57.0¢	$86.76K	146.2K

Buyers (Bids)

No.	Vol.	Price($)
1	8000	58.0¢

Sellers (Offers)

Price($)	Vol.	No.
60.0¢	1000	1

View Market Depth

No.	Vol.	Price($)
1	8000	0.580
2	20000	0.570
1	1750	0.565
3	11217	0.560
4	59821	0.555

Price($)	Vol.	No.
0.600	1000	1
0.610	1000	1
0.620	11002	2
0.625	3178	2
0.635	4000	1

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