I think there was much to like intoday's announcement, such...

  1. 1,002 Posts.
    lightbulb Created with Sketch. 1168

    I think there was much to like intoday's announcement, such as:

    • Nearer surface ore at a grade that will make a difference to project NPV
    • Whilst more drilling required, currently have the funds to do so.
    • Preliminary findings of pilot test work programs encouraging and BG quoted as saying an announcement on that in the next few weeks.


    However, what I think I almost liked more was the level of detail given intoday's announcement (and some other recent announcements).

    For example, compare:

    1. The two page and a bit page announcement we got on 9 November 2022 for the much awaited process plant flow chart - and that two and a bit pages included diagrams with no appendices or technical information.

    - Versus -

    1. Today's drilling update announcement with a 5 page announcement including another 50 odd pages of appendices with things like a drilling history and all the technical data one could ask for to get an understanding of the geology.


    From here, I hope that:

    • management keeps a high level of detail in theirannouncements;
    • gets that pilot plant test work announcement out "within thenext few weeks";
    • gives us a clear timeline for further drilling and anyresource announcements; and
    • confirmation that funds are available to get to aresource level without needing to raise capital.
    • It would also be great to seesome preliminary economics - but not sure if that would be possible until aresource on the near surface ore.


    Last edited by That Fundamental Guy: 08/08/23
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
1.9¢
Change
0.001(5.56%)
Mkt cap ! $19.31M
Open High Low Value Volume
2.0¢ 2.0¢ 1.8¢ $10.83K 568.4K

Buyers (Bids)

No. Vol. Price($)
3 1303419 1.8¢
 

Sellers (Offers)

Price($) Vol. No.
1.9¢ 20354 2
View Market Depth
Last trade - 10.43am 25/06/2025 (20 minute delay) ?
HIO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.