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21.9% 2.5¢ savannah goldfields limited

Ann: Quarterly Activities Report, page-25

  1. moorookamick
    22,497 Posts.
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    01/08/19
    14:31
    Post #: 39812357
    With 35 million traded today so far, perhaps our big buyer of a week ago is still accumulating,. What do you think towie?

    IMO, LNY may have decided on diamond drilling so that it can go to 500 meters and chase the main seams through angled
    drilling. This may be the reason for delay. If diamond drilling lifted the resource to say a million ozs @ a grade of over 6 g/t,then our Chairman would likely not bother about further Maroon deals and keep his gold in the ground for a stand alone operation or a profitable offload sale
    All IMO only.

    The other option of course is a JV with Maroon where Maroon would contribute to the cost of diamond drilling.

    LNY Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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2.5¢ 		Change
-0.007(21.9%) 		Mkt cap ! $7.027M
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2.6¢ 2.6¢ 2.5¢ $2.707K 107.4K

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1 23571 2.1¢
 

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Price($) Vol. No.
2.9¢ 19500 1
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