"Just maybe they have extended drilling now wouldn't that be good"
There is obvious confusion will try again to clarify & you are right with your interpretation.
G'day Jim, The announcement was a little confusing, although after reading
it became clear as its stated in the 14th November report that !
Drilling is continuing at the Grapple Prospect therefore a 14 hole program commenced at Grapple alone.
As we have received results for only 5 holes from Grapple thus far then we
await assay results for the following.
Grapple-x 9 Holes.
Prowl-x 8 Holes.
Springer -x 2 Holes.
The drilling programs number of holes is also seems proportionate to the
potential size of targets.
I believe billyblink also interpreted -that there was only a total of 14 holes
as he wrote
but the the drill results of the 14 hole program imo are being inordinately delayed in the context that the first results were a month ago .
That's why my response to him was the following
Drilling is continuing at the Grapple Prospect.
Additional drilling is also planned at the Prowl and Springer Prospects,
characterised as gold dominant as indicated by regional soil
geochemical anomalies.
So drilling is continuing at Grapple !-Not Finished.
The rig then has to relocate 15kms to the West -springer.
Presuming they drill this after they finish at Grapple.
Then the rig has to again pack up relocate another 15kms
further west again to Prowl.
This is very isolated & tuff terrain for a rig to negotiate, its
just not a simple exercise take a look at the below map you can
see the elevations.
Once Drilling has been completed they are still 400 kms from
Alice & its not an easy exit like Hyperion/Tethy's -then the trip south
to the lab & then await results.
It's also unlikely the lab is only awaiting our results to process !
So are results late ? have you made all the above considerations.
I did not get any indication from billy that he realised the above
given recent posting from him & as can be interpreted in his post
he thinks its only a total of 14 holes in all prospects & assumes the
worst as he believes results are late.
Any one confused go back & re-read the announcement & look for
Drilling is continuing at the Grapple Prospect !
this is post results for x 5 holes inclusive in ASX ANN 14 Dec
Mineralisation discovered.
Sorry about the length of this reply, but it is important that ABU
stake holders comprehend these facts.
Again we await assay results for the following.
Grapple -another x 9 holes !
Prowl-x 8 Holes.
Springer -x 2 Holes.
Due December as stated-so any day .
If you are unsure after re reading announcement even after reading this post
then call ABM Resources for clarification.
imo-gltah
salt
- Forums
- ASX - By Stock
- PRX
- $60,000,000 thanks
$60,000,000 thanks, page-38
-
- There are more pages in this discussion • 14 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 PRX (ASX) to my watchlist
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.236M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $2.361K | 1.180M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 8397902 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 21506422 | 27 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 8297902 | 0.002 |
24 | 93502098 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 19698922 | 25 |
0.004 | 9760897 | 13 |
0.005 | 3438264 | 8 |
0.006 | 2860001 | 6 |
0.007 | 600000 | 2 |
Last trade - 14.09pm 28/06/2024 (20 minute delay) ? |
Featured News
PRX (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online