Its the change of timing without any acknowledgement that it has happened, or the reason for it, that is a bit disappointing.
Reading between the lines, there may be a very good reason for the delay. Think about it
I prefer to go on what EMR tells us, which in today's quarterly report confirms that the drilling program remains unchanged at 98K, so the program has not been extended. It also confirms that 7KM of the 98K program was drilled in the quarter, compared to 17KM in the prior quarter, and 14KM in the quarter before that.
It appears that the slower progress in the 98K program was because they relocated the RC drill in turn to each of the two new prospects of Freeman’s Find and Banjawarn and in total did 4.5KM drilling that is not part of the 98K program.
They are indicating that the 98K drill program will be complete in June, there is about 14KM remaining. Leaving aside the drill quantity in the most recent quarter, it would appear for timeline to be hit, they will need to stop drilling the 2 new areas and concentrate on the original 98K drill program. One wonders if the delay to reserve/resource suggest they might extend the formal drill program to include one or both of the newly discovered potential areas once the 98K is done.
- Forums
- ASX - By Stock
- EMR
- Ann: Quarterly Report
Ann: Quarterly Report, page-6
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EMR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$4.00 |
Change
0.030(0.76%) |
Mkt cap ! $2.627B |
Open | High | Low | Value | Volume |
$3.96 | $4.00 | $3.91 | $4.322M | 1.087M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 11049 | $3.97 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.00 | 240865 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 11049 | 3.970 |
2 | 9787 | 3.960 |
2 | 9787 | 3.950 |
1 | 1050 | 3.940 |
2 | 3239 | 3.930 |
Price($) | Vol. | No. |
---|---|---|
4.000 | 240865 | 5 |
4.010 | 3352 | 1 |
4.020 | 19939 | 4 |
4.030 | 19787 | 3 |
4.040 | 13769 | 3 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
EMR (ASX) Chart |