Yes, there are 4 significant targets to be drilled and 3 diamond holes which can take up to 2 weeks each (depending on daily metre rates). We will be drilling for at minimum another month IMO. If there are any sell offs during that period, like we saw today then it will be related to market wide or sector wide issues. Just like we saw today - ENR, CGR, NWM all down around 8%. Perhaps the news of Biden not running against Trump has spooked the niobium/REE sector, because despite what a lost old clown he was, we all know how bullish he was on critical minerals, tech and renewables.
If the sell off is related to poor results, it will be much higher volume and higher percentage losses. But there is no chance of that for another 2 months when these Avalon and other targets start returning assay results. Hopefully before the assays, we get some decent geological/technical updates from the field which can help derisk and give more confidence for good assays and potential mineralisation.
- Forums
- ASX - By Stock
- Ann: Avalon Nb-REE Drilling Gets Underway
Yes, there are 4 significant targets to be drilled and 3 diamond...
-
- There are more pages in this discussion • 297 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 RCR (ASX) to my watchlist
|
|||||
Last
3.9¢ |
Change
0.001(2.63%) |
Mkt cap ! $11.40M |
Open | High | Low | Value | Volume |
3.6¢ | 3.9¢ | 3.6¢ | $48.07K | 1.309M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 40540 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 89999 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 40540 | 0.037 |
1 | 40000 | 0.036 |
10 | 805142 | 0.035 |
5 | 482058 | 0.034 |
4 | 945000 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 89999 | 2 |
0.040 | 237000 | 1 |
0.041 | 100000 | 1 |
0.042 | 389371 | 4 |
0.043 | 50000 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
RCR (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online