The next 7 days!, page-23

First 23 Last

Share
Profile

Follow
aurox

222 Posts.

19

15/08/14

11:17

Post #: 13822210
Share

Originally posted by Shady Merv ↑

What happens to the SP must surely depend on what's in the update.

This is the relevant part of the letter to asx:

"The update will address our interpretation of the significance of massive sulphides intersected in a new hole situated in close proximity to the massive chalcopyrite announced on 14 July 2014".

Now most are assuming that because of the flash run yesterday afternoon accompanied by the TH that the interpretation is going to be very positive. That may be the interpretation, and I hope for every holders' sake that it is.

However, the TH may have been forced on management by asx so as stop rampant trading. Assume that the Sec would have received a phone call from asx yesterday afternoon and was asked if the company knew of any reason for the high turnover and SP increase. The Sec may have replied (1) "yes, but it's only new and it's about drilling visuals so we need a TH immediately" OR (2) "not really, but we are drilling as you know and there are some massive sulphide visuals that are of interest but we want to assay first as that's our plan". The 1st response would be wonderful if true, but the 2nd not so wonderful perhaps.

Obviously the new hole has shown something of interest ie massive sulphides (again, as in other hole), but how significant is it? What's the INTERPRETATION? That's the big question! If the company had intended not to report on the drilling until assays had been received ("First assay results are anticipated towards the end of August" the 4/8 ann said) but scenario one applies then that should see a quick upward SP movement, at least initially anyway. But if scenario 2 applies then ????. In either case, it will just be an interpretation.

This time A Jorc Table must accompany the update.

Expand

It is very possible they went on a trading halt of their own accord shady. It is also possible they got a call from the asx however I would lean towards the former. They may have gone on a trading halt due to the late trading in the stock forcing their hand and playing it safe or they could really have something huge to report here, in this case I'm rooting for the latter. Maybe I'm just an optimist but I think we will see a very healthy increase in the share price come Monday. Time will tell. Let's hope it's massive.
aurox

THX Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

EMR

Emerald expands underground resource by 105Koz at Cambodian gold mine Okvau

TLG

Talga expands Prospectus Offer to $9M, banks $18.5M overall since end of financial year

I88

Infini rolls on with soil sampling at Portland Creek not long after making possible 'uranium history'

EBR

EBR reaches review milestone for wireless cardiac pacing device

HYT

Twiggy Forrest to acquire 40% of native hydrogen explorer – not long after putting Fortescue Future Industries to sleep

There are more pages in this discussion • 3 more messages in this thread...

First 23 Last

Add OAU (ASX) to my watchlist

(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $35.70M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$18.07K	3.614M

Buyers (Bids)

No.	Vol.	Price($)
1	1385503	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	31046005	27

View Market Depth

No.	Vol.	Price($)
1	1385503	0.005
16	20107397	0.004
6	3213355	0.003
8	7070398	0.002
12	48792041	0.001

Price($)	Vol.	No.
0.006	31046005	27
0.007	27957777	16
0.008	13186005	10
0.009	14962271	6
0.010	5833474	9

Last trade - 12.05pm 29/08/2024 (20 minute delay)

OAU (ASX) Chart

The next 7 days!, page-23

Emerald expands underground resource by 105Koz at Cambodian gold mine Okvau

Talga expands Prospectus Offer to $9M, banks $18.5M overall since end of financial year

Infini rolls on with soil sampling at Portland Creek not long after making possible 'uranium history'

EBR reaches review milestone for wireless cardiac pacing device

Twiggy Forrest to acquire 40% of native hydrogen explorer – not long after putting Fortescue Future Industries to sleep

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

The next 7 days!, page-23

Top Stories

Emerald expands underground resource by 105Koz at Cambodian gold mine Okvau

Talga expands Prospectus Offer to $9M, banks $18.5M overall since end of financial year

Infini rolls on with soil sampling at Portland Creek not long after making possible 'uranium history'

EBR reaches review milestone for wireless cardiac pacing device

Twiggy Forrest to acquire 40% of native hydrogen explorer – not long after putting Fortescue Future Industries to sleep

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News