scammer I am more inclined to believe they found something and are hedging bets with the new exploration area.
To pay $95,000 for the rights based on poor results from current drilling, would not make sense.
From the announcement again: The first hole from this program intersected a significant interval of massive
and disseminated sulphides." Yes we don't have a clear picture, but I do like the word SIGNIFICANT.
Clearly the geos are fairly competent and are confident they have the goods, and have traced the geology across in the neighbouring plot. Hence the reason for yesterdays announcement. I like to think on the bright side anyway.
The downside is the poor market and the length of quietness that are undermining a few holders. The 17/17.5 ratio at the moment are in my guess just a few who want out over the weekend.
imho
coming drilling results, page-23
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Mkt cap ! $94.02M | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.5¢ | 5.3¢ | $32.39K | 600.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4074755 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 645608 | 3 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| TVN (ASX) Chart |