SER 10.0% 1.8¢ strategic energy resources limited

Ann: Saxby Drilling Results, page-26

  1. 1,271 Posts.
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    Oh well. was worth a punt. The drilling of only three holes out of four was certainly the heads up that things were not going as planned or hoped. But no demand to buy after that so no opportunity to sell before the inevitable announcement. Still, lots of nice deep holes to do some downhole EM work if they are keen. Although from the announcement it does sound like they think whatever is there is too small to be worth it at that depth. Still, maybe the core analysis might give clues about a regional play to tease a JV partner into joining in a further campaign in the region? but if so, hopefully a better one than Fortescue who seem to be sitting on their hands at Myall Creek..
 
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