Well it could mean those first initial results are sh1t and they are waiting for the rest or it could mean they are too good and the rest may be sh1t . You cannot derive a stock announcement off 40% of drill holes or it may be considered misleading.
If you have done 50 drill holes in an area and you only have 20 of them back yet you can't really make some determination of what it represents. If you consider that they have likely done drilling, seen some prelim results, done more drilling, seen some prelim results, and done more drilling you can't really determine on a level that satisfies all legal requirements if you don't have all the data yet.
You have to understand that what MKR considers experts likely sees stuff that isn't reported, that sometimes they then make decisions on as to where to drill next before any lab results come back. An exaggeration of which would be you pull up the drill and see 1 metre of pure gold/silver in the output. What do you do then? Do you need the lab to tell you where the action is?
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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-18
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Last
4.1¢ |
Change
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Mkt cap ! $34.17M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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2 | 152591 | 4.1¢ |
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Price($) | Vol. | No. |
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4.3¢ | 230000 | 4 |
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No. | Vol. | Price($) |
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2 | 152591 | 0.041 |
1 | 1617125 | 0.040 |
1 | 500000 | 0.039 |
1 | 50000 | 0.038 |
6 | 404115 | 0.036 |
Price($) | Vol. | No. |
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0.045 | 101137 | 1 |
0.046 | 26886 | 2 |
0.047 | 333133 | 1 |
0.048 | 77777 | 1 |
0.050 | 1652843 | 5 |
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