I don’t agree with the sentiment that the trading halt is in anyway an indication of how good, bad, or indifferent the updated MRE will be. For me the reason for the TH is simply to protect (both ways) against any uninformed trading i.e., the company being in receipt of the final batch(es) of assays going into the update and needing time to finalise the calculations.
Nevertheless, it will be interesting to see what is delivered…I personally can’t envisage this MRE update including any of the wide-spaced drilling on the northern arm of the Yin ironstones, the completed holes released on the 13th of June are ~600m apart and they wouldn’t have had the time between since then to infill. So, I’m assuming its mostly going to include the southern portion and any infill areas within the existing MRE that may be upgraded into indicated category. Given the next tranche of LTI’s is at 20Mt (inferred)…..might scrape in.
I guess the wildcard is if they include any of the C2-C3 results for a first pass resource, but I'm guessing they will hold off on that.
I'll be keen to see come quarterly results time to see how the updated MRE numbers compare to the cash burn (i.e. discovery cost per t/TREO).
- Forums
- ASX - By Stock
- DRE
- Ann: Trading Halt
Ann: Trading Halt, page-42
-
-
- There are more pages in this discussion • 43 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DRE (ASX) to my watchlist
|
|||||
Last
1.7¢ |
Change
-0.001(5.56%) |
Mkt cap ! $63.46M |
Open | High | Low | Value | Volume |
1.7¢ | 1.8¢ | 1.7¢ | $18.14K | 1.062M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 1696568 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 806086 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 1696568 | 0.017 |
21 | 4437114 | 0.016 |
34 | 6015894 | 0.015 |
12 | 3875735 | 0.014 |
7 | 2710999 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 806086 | 3 |
0.019 | 1366555 | 5 |
0.020 | 2415762 | 10 |
0.021 | 2374859 | 10 |
0.022 | 1317500 | 4 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
DRE (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online