Ann: December 2017 Quarterly Reports, page-12

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ASXcowboy

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01/02/18

12:11

Post #: 30734521
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Originally posted by chuk ↑

I think you're more likely right but it also might be more director buying?
Someone is happy to keep soaking them up around here.

Regarding your earlier post on timing of assay results, I would expect that would apply if assays are not too different from historical results. Any exceptional intercepts (if we are lucky enough to see them) would more likely need to be announced when received to keep in line with continuous disclosure.
Historical grades at those same shallow depths and widths extended into a large enough resource to exploit would be good enough. Higher grades would certainly be a bonus and attract more interest.
The directors are confident. Some directors exaggerate but I haven't seen that from these guys. Nothing is guaranteed of course until the assays are in but I am assuming their confidence is justified and we have a good chance of seeing good results. We already have large targets but there are still targets extending below sand cover which potentially could be much larger again. Any good intercepts will only leave us wondering how much more is hidden under sand cover.

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Yeah these guys aren't about overselling their work so when they do show levels of confidence, it's time to take notice.

The buyer moved down to 21c. I've set my small 10k top up order alongside.

ORR Price at posting: 21.0¢ Sentiment: Buy Disclosure: Held
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