From the last release the first hole was collared on the 9th July and completed on the 16th July with the release to the market on the 18th July.
Looking at the size of the rig it would have moved between sites before the 18th.
If the second hole was similiar geology then I would have easily expected the hole to have been drilled and logged by the trading halt yesterday.
The trading halt also mentioned assay results. I am expecting second hole data + first hole assay results.
Short term this could go either way from here. The market is expecting similiar or better for the 2nd hole and good coal quality. If this happens we are on, if not grab a parachute....
TVN Price at posting:
6.9¢ Sentiment: None Disclosure: Held
