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52.3¢ alkane resources limited

Ann: Quarterly Activities Report, page-70

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Antipater_100

7,795 Posts.

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29/07/21

15:30

Post #: 54874487
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Originally posted by Maccajohn: ↑

Yes I may be wrong.

It is what they did NOT say that makes me think they did not that 1 DD hole.

They put the 'awaiting assays' comment in the para on the breccia. If they had drilled other areas of Boda (ie not targeting the high grade zones), I would have thought they would have put the awaiting on assays in a separate paragraph but they did not. There was also no discussion of any other drilling at Boda just 3 paras on the high grade zones.

In addition all they stated about Boda 2 was vague and may indicate they may not have been drilling Boda 2 in the quarter and they referred to planed drilling (ie future). It is possible they had two Diamond rigs plus the RC rig late in the quarter drilling the high grade Boda zones in the quarter. Note they also stated they commenced the RC drilling in June which was testing the shallower parts of the breccia.

This is just my interpretation and I may be reading too much into the announcement.

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I think you are right. Hence my second comment right below the first one. Well, I want you to be right.

ALK Price at posting: $1.15 Sentiment: Buy Disclosure: Held
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Last 52.3¢		Change -0.003(0.48%)		Mkt cap ! $310.7M

Open	High	Low	Value	Volume
52.0¢	52.5¢	51.0¢	$182.2K	351.2K

Buyers (Bids)

No.	Vol.	Price($)
2	913	52.0¢

Sellers (Offers)

Price($)	Vol.	No.
52.5¢	44207	15

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No.	Vol.	Price($)
2	913	0.520
6	37324	0.515
11	149649	0.510
7	146321	0.505
22	156285	0.500

Price($)	Vol.	No.
0.525	44207	15
0.530	106255	5
0.535	37300	4
0.540	9820	2
0.545	558	1

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