Not sure how anyone could read the moving of rigs to Ringwood as a bad sign. They were quite clear from their Zola drilling comms of the plan:
"Core’s first phase of RC drilling at Zola is expected to be completed in July and assays results expected 4-5 weeks after completion of drilling. Further infill and extension drilling is planned at Zola subject to results of the first phase of drilling."
In regards to the Spod mention missing from the one-liner, they have only once previously talked up Spod content without drill results, which was the 13 page Sept 6 2016 announcement made at the completion of the BP33 & Grants Drilling campaign.
With all the activity required, and management on a tight timeline for keeping the options in the money, IMO it's understandable to wait for lab results rather than wasting time on a announcement based on visuals.
I read this mornings announcement as neither positive or negative towards Zola, it's a wait and see one-liner in a bullish announcement regarding Ringwood drilling commencing.
- Forums
- ASX - By Stock
- Ann: Drilling of Large-Scale Ringwood Lithium Prospect Underway
Not sure how anyone could read the moving of rigs to Ringwood as...
-
-
- There are more pages in this discussion • 95 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 CXO (ASX) to my watchlist
(20min delay)
|
|||||
Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $225.0M |
Open | High | Low | Value | Volume |
11.0¢ | 11.3¢ | 10.5¢ | $536.3K | 4.933M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
96 | 4283334 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 1066000 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
95 | 4033334 | 0.105 |
176 | 11374170 | 0.100 |
12 | 547211 | 0.099 |
11 | 291035 | 0.098 |
5 | 151618 | 0.097 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 1066000 | 5 |
0.115 | 2785443 | 27 |
0.120 | 2964997 | 41 |
0.125 | 3159705 | 45 |
0.130 | 5239550 | 45 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
Featured News
CXO (ASX) Chart |