CY5 1.22% 8.3¢ cygnus metals limited

I wouldn't mind knowing the status of the second drill rig. On...

  1. 5,123 Posts.
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    I wouldn't mind knowing the status of the second drill rig.
    On Sept 21st Cygnus made a price sensitive announcement about the second rig.
    The October 25th made no reference to the second rig.
    Given what was uncovered why d the second rig not stay and drill the new large pegmatite discovery?
    A scenario where they had the second rig working for less than a month would seem strage and hardly worth the effort of acquiring it.
    Why aren't they chafing at the bit, as soon as they get some good feedback from Sakimi, sending the rig up there pronto, after it drilled the new Auclair pegmatites, while the first rig does the Pontax what the management termed "capital raising requirements" work?
    I would think the first requirement of a capital raising is to get the share price moving in the right direction......
 
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