MHC

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0.2¢ manhattan corporation limited

A couple of posters are mentioning we do not have all the...

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sammyisagun

59 Posts.

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22/02/21

13:57

Post #: 51215187
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Originally posted by RhysD: ↑

My 2 cents on why the price has dropped. Mainly because the players in the ASX are not familiar with gold exploration and what is happening here.

MHC are doing exactly what they have said they are going to to do. They are performing their drills to get a better understanding of the structure and where the gold runs. Part of this is the regional holes that they have just received the results for. Regional meaning that they are away from the main known mineralisation. This is to see just how far the mineralisation runs. One of these regional holes found 12m at 1.14g/t from surface, this should be seen as fantastic as it shows that over 500m away from the main mineralisation there is a 12m thick mineralisation at surface.

They are also still waiting on the rest of the assay results from the diamond drill hole that was within the known mineralised area (NBD0002). This is bound to show decent grades.

The March drill campaign is now being planned based on the information that has been obtained from this recent round of drilling as they will now have a better understanding of where the veins of gold run in relation to the feeder and sinistral faults.

The market doesn't understand that these recent results do not take away the previous drill holes that ALL CONTAINED GOLD, these most recent results are simply working the peripheral areas to understand the structure and how far the mineralisation goes.

I am certainly no Geo but if you read through all of the announcements, the information is there. The guys at MHC are just not ASX salespeople and are not pandering to the market by simply putting out big numbers to make everyone feel good. They are getting on with the business of suring up a resource in a new gold region. This all takes time.

Rant over.... for now

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A couple of posters are mentioning we do not have all the results from all the holes, does anybody have an idea why? You would think they would want to get these out... if not just for the shareholders whom have sold out in the last week. Well, they are gone now but you get the vibe!

MHC Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
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