Large seller pushing centre-point trades through today via CXA suggesting an experienced trader and broker are sneakily trying to accumulate. Wouldn't be surprised if they're taking profits to purchase some additional SI6 options/units over the coming days as I doubt any large holders would be missing their opportunity to see what lies in Maibele North's large EM conductor (Drill hole MARD0094) which SI6 is currently drilling.
Maibele North's MARD0094 (The untested EM conductor) has been a priority drill target for the company since at least 2015 (as stated in their 2015 annual report). Unfortunately, due to prices of commodities at the time, the Government owned BCL mine went into liquidation. The MARD0094 project went mostly silent until recently thanks to capital raising and the company's new experienced MD and geology team.
If you've been reading the ASX announcements in-depth you will realise that SI6's drill is now less than ~ 100m from hitting this target.
Next week the company is also drilling WA for Gold and the company will be more than likely moving RC drills to test the new anomalies (stated publicly in the ASX announcement on the 6/1/21).
The Botswana Government has also publicly expressed their intentions to announce the BCL mine's new owners in December 2020 publicly however I imagine this was delayed due to the recent lockdown.
Additional information and facts below:
Please make sure to DYOR before you buy or sell.
1. The Maibele North EM Conductor containing Nickel (MARD0094)
2. Regarding BCL & SI6 venture on MARD004 from old ASX announcement
3. New BCL owners soon (likely to have been delayed slightly). SI6's JV with BCL will remain with the new owners from my understanding.
4. Regarding additional upcoming RC drilling of the anomalies mentioned in the ASX announcement on the 6/1/21
5. Photo of MARD0094 sulphide intersection so you can see for yourself (taken from ASX announcement 15 January 2015)
6. Why the company has wanted to drill here for so long (taken from ASX announcement 15 January 2015)
ASX announcements referenced in this comment:
15 January 2015 (Before Holywell and SI6)
https://www.asx.com.au/asxpdf/20150113/pdf/42vz5gqvvl83s8.pdf
Annual report 2015 with in-depth coverage of the Nickel target (BML)
https://www.sixsigmametals.com/wp-content/uploads/2015/06/BML-ANNUAL-REPORT-2015-1.pdf
6 January 2021 (anomalies with upcoming RC drill + reference to diamond drilling MARD0094 and upcoming WA Gold drilling)
https://www.sixsigmametals.com/wp-content/uploads/2021/01/Multiple-Significant-Anomalies-Identified-at-Maibele-Project-1.pdf
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- Ann: Multiple Significant Anomalies Identified at Maibele Project
Ann: Multiple Significant Anomalies Identified at Maibele Project, page-41
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