If we look back to last week's announcement which focused attention on the appointment of the two geologists and said very little of substance about the completed drilling programme at S 5 and S 13 there was one item of interesting information above all others : "The Company has been advised by ALS that there may be some delay with gold assay results, due to the increased exploration activity across Western Australia’s goldfields. The Company expects results to be available in the coming week." So MXR expects to release the results from the drilling this week. Now I would presume by the wording of the announcement today that they have managed to source extra funds from "sophisticated investors" and that information will be released before or in conjunction with the release of the results. So if you marry the appointment of two geologists together with getting extra money in ahead of the results announcements.....what does that tell you ? Kaboom !
MXR Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
