I reckon we will have a drilling announcement on Monday or at worst Tuesday morning.
Whoever has been dumping converted options at 38 to 34 are hopefully nearly exhausted or seeing the light.
The drilling announcement may or may not give clues as to when analysis of those cores will eventuate but my guess is 2 weeks of drilling and 2 weeks getting assay results back from South Africa or wherever they get that done. Management are really keen (as are all of us hopeful investors), to find out if the excellent/ outstanding historical cobalt results at Opuwo are fair dinkum or not.
The fact they will drill is a no brainer and probably built into the SP for many buyers at around 4 to 4.3. ( so I do not think that announcement on its own will do miracles for the SP, unless they put some unexpected spices in the text). Rather, as drill result draw closer I would expect some speculative buying up until we finally find out just how good Opuwo looks from more serious, thogh smallish, initial targetted exploration results.
We are a long way from having a JORC compliant resource that has attracted the likes of the much respected @Wiseone to those kinds of cobalt plays, however if historical Opuwo results are confirmed in this drilling program it will be very exciting.
Having some Friday evening double malt whiskys causing increased optimistic thinking.
Thus stopping now and wishing everyone a great weekend away from stockmarket screens.
Fox
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.13M |
Open | High | Low | Value | Volume |
1.1¢ | 1.2¢ | 1.1¢ | $3.572K | 300.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 6346092 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 429462 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
27 | 6346092 | 0.011 |
26 | 18953795 | 0.010 |
9 | 2976330 | 0.009 |
4 | 820074 | 0.008 |
4 | 2660560 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 429462 | 3 |
0.013 | 1842592 | 4 |
0.014 | 2750000 | 5 |
0.015 | 1350000 | 3 |
0.016 | 2155633 | 7 |
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