Ann: Mt Alexander - Drilling Update, page-78

Initially I was rather disappointed with the first 2 deep holes but on reflection I guess up to a point we were groping around in the dark. True the AMT is showing large deep conductive bodies of rocks but is not a sufficiently precise tool to tell us exactly where to collar a hole. What will do that is to do some down-hole EM's on these initial holes, which they plan to do. So really the story has not changed, its evolving. I did expect the share price to take a thumping on the announcement as the impatient head for the exits. I am considering a modest top-up at current depressed prices