Hi strauss
Have not been near a computer for a few hours....
Just on my first run through on the log of intercepts for SG03 ... the bulk of the mineralization is in the top 15m's ... below that it is marginal to uncommercial [imo] ... so the headline "102m Intercept from surface - High grade Zinc Lead & Silver" is a typically deceptive way to describe it. That's the negative.
The positive is the Cu and Au which is new information. Basically the announcement is good IMO ... in the hands of a genuine management looking to explore the asset it would normally be confidence inspiring.
Just to correct your statement above... "Halls Peak was all about the big monster deposit 800ms deep" ... the conductor does range to as much as 1000m's deep but the vast bulk of it sits around 500m"s. I stand by my earlier opinion .... not surprised to see good grades here but it is the conductor that is the company maker, if .... if it is mineralised [which I have always thought it is and the reason I have persevered with the long history of mischief and nonsense]
As far as the volume selling .... the Takeovers Panel concluded that all of GTT's family, friends and business acquaintances who are not associates of GTT and who collectively hold about 30% of the float might be taking this opportunity to do a little money management .... that is my completely uninformed guess.
- Forums
- ASX - By Stock
- SOC
- Ann: 102m Intercept from Surface - High Grade Zinc, Lead & Silver
Ann: 102m Intercept from Surface - High Grade Zinc, Lead & Silver, page-26
-
-
- There are more pages in this discussion • 35 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 SOC (ASX) to my watchlist
(20min delay)
|
|||||
Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.89M |
Open | High | Low | Value | Volume |
10.0¢ | 10.5¢ | 10.0¢ | $25.30K | 252.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 40000 | 9.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 6710 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 40000 | 0.099 |
1 | 100000 | 0.098 |
1 | 7368 | 0.096 |
1 | 100000 | 0.095 |
1 | 22222 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 6710 | 1 |
0.105 | 5000 | 1 |
0.120 | 12545 | 1 |
0.130 | 97482 | 2 |
0.170 | 59840 | 1 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
SOC (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online