DMN are still in trading halt after the announcement was made last night.
Why wasn't the halt lifted this morning?
Pure speculation: 1. They are waiting for results from the lab 2. There's an investigation in to the massive dump made before the initial trading halt 3. Damage control
Given ORO are still in TH also, it's likely that both companies are trying to avoid further damage/carnage to the SP, which would otherwise see DMN's market capital revalued at $3.6m, and ORO at $4m.
There's speculation that the drill results may indicate a coal or magnetite granite resource, but again, it's not concrete as to what value, confidence or quantity - or if either company is going to follow it up.
Lab results will reveal everything we need to know.
Until then, I'm holding.
DMN Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
