Ann: Investor Technical Presentation, page-97

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SugeKnight

1,128 Posts.

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13/09/24

15:13

Post #: 75664960
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Originally posted by SugeKnight: ↑

Looks like the market is starting to get worried about the assays being delayed

It could be as another poster mentioned, that they are wanting to release all the results together

Reason being that we have some highly anticipated / expected good results from a few holes (higher confidence), and we also have others that are testing other locations (lower confidence)

The board probably wants to play it safe, and doesn't want to release the good holes first potentially causing a lot of excitement/rally - to be then followed by potentially not so good results that were testing other locations (lower confidence) - that would cause a lot of volatility and maybe even a misunderstanding of the system.

I am assuming that the board wants to present the complete story after gathering all the data. If the results prove that there is genuinely something of significance here, then they may even look to raise a big amount for a big drilling campaign post all results (obviously at a higher price)

Though if they start to get worried by this panic, it may force them to release the results they currently have on hand on Monday

In the last video presentation, when describing their drilling strategy, the MD said "It's all working perfectly right now... touch wood" - that also gave me a bit of confidence that so far, so good. (that was on the 28th of August i believe - so how far into the drilling/results were they when he said that comment? Drilling had re-commenced on the 30th of July, so about a month into the program)

That presentation is here: https://hotcopper.com.au/posts/75418853/single
and the comment made at 12:04

Fingers crossed

Expand

Also i forgot to add

You may have noticed there have been a fair few options being converted recently

Here is the original oppies announcement: https://api.investi.com.au/api/announcements/wtm/90eabde2-760.pdf

Options were for the acquisition of the project - to the vendor

They are well in the money - so its highly likely the selling is from them de-risking / cashing in some chips

WTM Price at posting: 34.5¢ Sentiment: Buy Disclosure: Held
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