VMM 11.7% 52.5¢ viridis mining and minerals limited

Ann: Suspension from Quotation, page-48

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  1. 10,506 Posts.
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    If it was disappointing they would not have released anything and hidden it amongst the occasional good hits. Remember there is news flow for the next few months with rigs on site. So no, assays released on time indicates news that they hoped for. The question of the suspension - there has been a lot of drilling with over 120 holes and hence more time by would be required than your 8 hole drill programs that release 3 to 4 holes at a time. This would have many points at 20 m and most of phase 1 would be arriving. Hence the delay could be more samples trickling in or simply more time required to extrapolate the data. Another potential scenario is the report is with the asx and they needed more time to ascertain the legitimacy of the report. Coming out of a halt is ultimately in the hands of the asx.
    Last edited by insaf: 17/11/23
 
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