Very encouraging announcement. Am happy they have hit something as we have had a few dusters over the last few drill programs across our projects which has dragged or held the price down low.
Hoping lab results show good grade of lithium for this hole then it will be game on.
Yes we will have to raise cash soon- no surprises there. Not sure if I would call this announcement fluff though... they have to be strategic and manage cash and capital raise which I think they do very well.
I see this photo on X showing ground issues for anyone doubting. No driller wants to risk getting stuck and farmer relationships and respect for their land need to be managed well. I doubt they are going to mobilise and do one hole only intentionally....so I think reading into it otherwise is incorrect.
GLA
KGD Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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