the exploration report put out today was almost identical to the one put out the day after the last meeting on 23 june
they had done practially nothing since the last report
then they said
said 3 of 7 percussion holes are done and 2 of 3 cored holes have been done. http://www.asx.com.au/asxpdf/20090623/pdf/31j6k6sbdb8nq3.pdf
today it said-
A different number,that did not add up to the 10 holes planned ,in previous annoucment! so since the update on 23 june they drilled 2 more holes in 3 weeks,(a jack russel can probably dig quicker) and reduced they also program by 3 holes! from 10 down to 7 ! . http://www.asx.com.au/asxpdf/20090714/pdf/31jkfyw9fspdtr.pdf
they do not want to even commit to the proper joint venture arrangement which was good if it was stuck to in its ORIGINAL FORM .
they are trying very very hard not to prove a coal resource !
NO EXPLANATION FOR THE REDUCED DRILLING PROGRAM !
BWN Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)