CNB 0.00% 38.0¢ carnaby resources limited

Ann: Carnaby Commences Drilling in the Mallina Basin, page-74

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  1. 1,905 Posts.
    lightbulb Created with Sketch. 1433
    The wording would seem to indicate that...

    Now I am curious...

    Good pick up @Elitepdr

    So based on that wording, it would seem that they are expecting results from current aircore drilling program to be received before they start RC drilling around middle of November, which really only gives them 4 weeks... Hmm, is 4 weeks even possible?

    But it could also mean, if interpreted another way: " Results from the commenced aircore drilling program will be prioritized, "and the same time", the commencement of this aircore drilling program will be immediately followed up by a second drill rig ......." Which could mean concurrent drilling...

    10 years an English teacher, and this one has me baffled hehehe...

    But I will say, even in this same Ann, the wording had me spend an hour trying to decipher its meaning...

    https://hotcopper.com.au/data/attachments/2568/2568436-5d41cc98eec7665f0eeb4bce58478dea.jpg


    1,500,000

    CASH: As of June30, 2020 (Reference: Ann 12 October, 2020) – Including restricted cash of 400 k

    1

    1,250,000

    First Cash Instalment Tick Hill Tailings Stockpile

    2

    1,500,000

    Cash receivable as a result of Tick Hill permit approval (already approved)

    3

    2,650,000

    Tranche 1 Placement proceeds of $2.65M

    4

    2,000,000

    $2M SPP proceeds

    5

    8,900,000

    TOTAL


    I think you will be able to see without me explaining it, the 3 different ways it could have been interpreted... tongue.png
 
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