Buy side looking strong sell side looking weak - Best its looked for a while - We are now at a stage where an announcement could materialise at any time....The strike rig has the capability of hammer drilling in hole through cover and was mobilised late November (other rig earlier) so maybe why initial results were delayed from mid Dec to early Jan 19 - All that is needed now is a match (news) to ignite this fire.....We are now filling the gap left from the cash back offering so up to 0.155c we should go short term however with good news 0.50c plus is on the cards - CHN has traded in a tight range from 0.165c to 0.135c pre cash back from May after it's fall from the expectation of the Pilbara drilling results and now is banging the 0.135c resistance level (which is 0.175c pre cash back) so in effect has broken out of the 0.135c - 0.165c range and is heading higher how high is of course dependant of how good the soon to be released news is....AIMO and DYOR...
The Wallis Aircore rig is suitable for drill testing in areas of known shallow cover, while the Strike drill rig (Schramm T450; 430psi/1000cfm) is a dual-purpose Aircore-slimline RC drill rig, which has the capacity to drill to a depth of 200m in areas of expected thick cover where RC drilling may be required for first-pass drill testing (Figure 3). The Strike drill rig is expected to give operational flexibility and will be the only rig of its type to be mobilised into Victoria.
MARKET DEPTH
Bid Price 1 Bid Volume 2 Bid Count 3 $0.13 75,815 4 4 $0.1250 168,484 9 5 $0.12 166,000 4 6 $0.1150 437,473 10 7 $0.11 210,391 14 8 $0.1050 117,091 4 9 $0.10 75,000 4 10 $0.0850 200,000 1 11 $0.0550 30,000 1 12 $0.05 30,000 2
Ask Price 1 Ask Volume 2 Ask Count 3 $0.1350 60,579 1 4 $0.14 46,496 3 5 $0.1450 78,100 2 6 $0.15 90,000 2 7 $0.1550 50,000 1 8 $0.1650 200,000 1
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