My take on the announcement (do your own research):
- They are excited about Jenkins South
- The results from the 7 AC holes at Woolshed were average at best (swept it under the rug a bit)
- They will resolve the Indigenous issue very quickly - in early December latest (no worries with this, it WILL get resolved)
- They will be expanding their drilling program, especially in Jenkins South -- putting money to good use
Bought some more shares today. EV is ~$15m, which is peanuts. They have massive ground and several very strong prospects, and this is only Flinders - don't forget Torrens.
Although there are no guarantees in this game, patience is required to make any money in this company. Like most companies that have multi-bagged, most shareholders will not be prepared when the company-making announcement finally arrives. So best to buy and be patient IMO.
Frustrating share price action at the moment and I am well in the red, but starting at this very low EV/market cap, there is tremendous room to move upwards.
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