I don't know, I have a sneaky suspicion another announcement may...

I don't know, I have a sneaky suspicion another announcement may come out before Flano presents at D&D at 1:40pm Perth time... which remember is 3:40pm AEST... will we see a market reaction before close?

FWIW I just had a quick squiz at the D&D presentation schedule and of the 20 companies that presented yesterday and 20 presenting today, all but 2 (from what I could see) did not have a presentation released specifically for the D&D event, i.e. invariably titled Diggers & Dealers Presentation. Some were market sensitive, some not. So lets see, if DLI/Flano are one of the companies that elects to not release some exciting tidbits in a preso for the 2,500 eager attendees.

Wrt today's Mt Ida release, IMO this is not bad, sell the farm, news. I do feel the market was expecting some news to do with Yinni or perhaps Mt Ida mining approval, hence the drop. Nevertheless these are solid results for extensional and infill drilling. I mean 27m @ 1.3%, 21.2m @ 0.5%, 20.9m @ 1.4% and 17.1m @ 1%... these are good, meaty results, irrespective of the depth, and will mean (IMO) the existing MRE will grow and importantly convert a fair % from inferred to measured & indicated. Much better outcome for moving to final mining approvals. I am still hopeful for a 20+mt MRE come September.

For some that may be interested, as a comparison for results, Minres recently announced it's first significant results for it's Mt Marion mine, all extensional drilling mind you. Best results that Minres announced was 51m at 1.3% Li2O from 410m, including 32m at 1.5% Li2O from 411m and 43m at 0.7% Li2O from 1,039m, including 10m at 1.5% Li2O from 1,068m. Minres is not worried about depth and IMO is not going to be a show stopper for DLI here, as long as the widths and grades are good, which they are for DLI. At the end of the day Mt Ida will be a mine soon and will be generating significant free cash flow. Many other Li players out there would kill to be in this situation.

Anyway, just my musings, bring on Yinni