Look from reading this announcement it's telling us that MBD-01 does not have sufficient flow so sampling was not even worth doing (same as CM), which is why this announcement came early and then they went on to say they now have a better understanding about location and geology of lithium brines in Nevada, basically saying that if they plan to drill again elsewhere at Big Smokey, they will hope to do it better due to their understanding now as Big Smokey is still prospective for lithium.
The underlying message to their investors is that there is still a chance if we drill elsewhere within our tenements and now we have the option of drilling at Alkali North. So that's now 2 down 1 to go.
In regards to the share price it isn't going to head up anytime soon. Peace out.
Look from reading this announcement it's telling us that MBD-01...
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Last
0.3¢ |
Change
-0.001(14.3%) |
Mkt cap ! $1.858M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $468 | 155.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1575028 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 1337019 | 9 |
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| Last trade - 10.06am 31/07/2024 (20 minute delay) ? |
| RLC (ASX) Chart |