Ann: RC Drilling Commences at Devon, Lake Carey Gold Project, page-11

Most people let their own perception guide their investment, rather than follow the money. For example, statistically, 86% human believes positivity of a new venture, thus, most of the IPOs will spike in their early days. On the contrary, a similar proportion of investors would judge the silence as negative, therefore, perhaps most think MAT's drilling results will be bad.

They forgot to follow the money, the 17c option has been exchanged heavily around 3c, please refer to Commsec past trading history to check yourself.

Secondly, the 3600m drilling campaign were all shallow holes, if they were all bad results, the drilling contractor wouldn't dare to take 2m shares payment and instantly becomes a top 20 holder.

Lastly, it has become very obvious that this round of drilling is to help the proposed development at Devon in September by finding more near-surface and near location resources. Thus, I suspect they quickly stopped at Lin 1 after two holes and focused on Hill East and Devon Wall.

Nearology is the best guide for finding the resources, it is almost impossible for MAT to come out empty-handed, it is just a matter of how much they will find to add on its $30m cash flow feasibility without its own mills at AU$2000 gold price.