the recent low saw approx 4m shares traded on ASX under 2c from August 11 - and thats the quantity which I guess will be available to be churned during the next phase up - expected to be the 800m drill for Mt Lamb. I was tempted to describe it as an appraisal drill, but have not.
I expect that some of the "to be churned" are all the shares up to 2.5c - 1,668,749 over 7 trades - then there is the large gap to 3.9c
Pleasing to see the trade on C'boe today - always a good indicator I reckon
Patiently awaiting the drilling to commence
As regards the Fable Drilling, the only way I can see that being drilled - and collect to government grant - is for a JV with NCM being a prime candidate, since they are drilling next door for a similar grant. We are spending the $$ on the Mt Lamb drill instead
cheers
ICG Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
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