Ann: West Arunta Project - P2 Drilling Update, page-53

First 53 Last

Share
Profile

Follow
LST123

3,548 Posts.

353

14/08/23

14:27

Post #: 69327157
Share

Originally posted by hcosah: ↑

How amazing is it that we have access to this type of technology? You can really see that the company is walking the talk. As a geologist I am in admiration at the speed of progress given the remoteness of the location. I can't imagine the logistical issues in servicing drill rigs and getting parts for unexpected breakdowns, which do occur, and often. And there will be many other complications in the isolation.

I count 160-odd drill pads across Luni, largely within the existing footprint which shows there is a focus on producing a maiden MRE. Not that exploration isn't ongoing but the priority looks like development. There appears to be a top tier asset developing here and based on the exploration targeting skills, efficient progress to resource definition, and the adherence to good corporate practice there might be a top tier management developing too?

I've noticed increasing calls for, and speculation toward the release of drill results. Making announcements designed to prime the market is short term thinking, thankfully the company shows no intention of sating the insatiable. News is flowing as it should be. As a project grows, and as geological confidence grows the impact of small subsets of drill data become less important. No one should be surprised that the next round of drill results will include some excellent results. Accordingly, unless there are significant strike or depth extensions to mineralisation, the market will already have anticipated what is coming at Luni. For this reason metallurgical results and the MRE , rather than confirmational drill results, are likely to have more of an impact on how side-line institutional observers or potential suitors view valuation.

No doubt the company is already in possession of relevant drill data but these data are not market sensitive in the way discovery holes are, so the need to release constant updates diminishes . They seem to be doing what high calibre corporates do: generate a meaningful quantum of data, properly analyse it to understand the implications and then inform the market about how the data affect future work. Bravo !, and why I consider WA1 to be in a different league to the garden variety explorer (to date)

Expand

Agree but how do you explain ENR's market cap given their results? It doesn't add up.

There seems to be no getting away from the possibility of this being heavily manipulated for two weeks in the likely lead up to a CR. Otherwise how else can we explain the way its trading? Any impending drill results are factored in to any CR agreement and we'd all agree if this is the current scenario data sets are sensitive and should be released

WA1 Price at posting: $5.31 Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

HVN

Harvey Norman clocks subdued gains as Echo Law's junk warranty class action kicks off

88E

HotCopper users smell capital raising as 88 Energy says "significant update" at Phoenix

ASX Market Open: Australian bourse to fall as subdued Wall Street awaits rate cut decision | September 18, 2024

PAR

FDA hands Paradigm Biopharma guidance to re-jig phase 3 osteo trial – or is it a delay?

CXU

Cauldron discovers shallow uranium up to 2km at WA's Yanrey

There are more pages in this discussion • 1 more message in this thread...

First 53 Last

Add WA1 (ASX) to my watchlist

(20min delay)
Last $14.84		Change 0.190(1.30%)		Mkt cap ! $966.5M

Open	High	Low	Value	Volume
$14.56	$15.05	$14.47	$1.335M	90.05K

Buyers (Bids)

No.	Vol.	Price($)
6	245	$14.82

Sellers (Offers)

Price($)	Vol.	No.
$14.84	207	8

View Market Depth

No.	Vol.	Price($)
3	111	14.810
3	140	14.800
2	125	14.790
2	112	14.780
2	125	14.770

Price($)	Vol.	No.
14.840	124	5
14.850	68	3
14.860	294	6
14.870	221	8
14.880	259	4

Last trade - 11.48am 18/09/2024 (20 minute delay)

WA1 (ASX) Chart

Ann: West Arunta Project - P2 Drilling Update, page-53

Harvey Norman clocks subdued gains as Echo Law's junk warranty class action kicks off

HotCopper users smell capital raising as 88 Energy says "significant update" at Phoenix

ASX Market Open: Australian bourse to fall as subdued Wall Street awaits rate cut decision | September 18, 2024

FDA hands Paradigm Biopharma guidance to re-jig phase 3 osteo trial – or is it a delay?

Cauldron discovers shallow uranium up to 2km at WA's Yanrey

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: West Arunta Project - P2 Drilling Update, page-53

Top Stories

Harvey Norman clocks subdued gains as Echo Law's junk warranty class action kicks off

HotCopper users smell capital raising as 88 Energy says "significant update" at Phoenix

ASX Market Open: Australian bourse to fall as subdued Wall Street awaits rate cut decision | September 18, 2024

FDA hands Paradigm Biopharma guidance to re-jig phase 3 osteo trial – or is it a delay?

Cauldron discovers shallow uranium up to 2km at WA's Yanrey

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News