Well they did say imminent, so 2023 sounds perfect.
Seriously though, I have no doubt the remaining Crown samples are back from the lab and have been for a few weeks at least. Imminent is not 6 weeks in any language.
There are 2 options imo:
- The results are as bad as the initial ones released to the market and they are holding off as they know there will be a big sell-off.
- The results are good and they are holding off until early in the new year (using holiday office closure as an excuse) and organising a capital raising to be undertaken on the back of these results.
I think the second option is most likely because the second phase crown samples were in a better geological area in the east, so they should return better results. After these final crown results are known, there is not much newsflow due and we know that a capital raising will need to be completed prior to end of Jan cashflow report. We are extremely low on $ right now. CR has to take place in Jan.
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Well they did say imminent, so 2023 sounds perfect.Seriously...
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