The company's conservative approach does not help the share price near term
RR is cautiously optimistic about the spectacular intersection whilst we determine orientation of the mineralised zone.
A truely memorable hit lauded in geo circles but the diagram in the ann suggests just one follow up hole.
On twitter the exploration manager said that it was his best hit in 30 years.
Rox under RR likes to underpromise and overdeliver after years Rox of doing exactly the opposite.
If indeed Rox is following up with a single drill hole the assay may be available as soon as next week,
But if, as I expect, they have multiple rigs punching holes at Y South, Rox will wait until they have all the assays and to some extent defined the deposit. That will take several more weeks.
So no results soon is actually good and imo a buying opportunity.
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- Ann: Bonanza Intercept of 28m @ 34.81g/t Au at Youanmi South
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Price($) | Vol. | No. |
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12 | 1024221 | 0.130 |
4 | 171200 | 0.125 |
6 | 485008 | 0.120 |
3 | 22798 | 0.110 |
Price($) | Vol. | No. |
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0.140 | 168592 | 4 |
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