Ann: Telecom Hill and Mt Padbury Deliver More DSO, page-4

re: Ann: Telecom Hill and Mt Padbury Deliver ... Sorry guys but just had to change from that last thread.

Since it (the thread) was created on 14 March, the daily volume for pdy has never exceeded 15mil shares. Since the beginning of the year, with the exception of one day’s trading, turnover has never exceeded 20mil shares. So given the total no of shares on issue, these are hardly ‘big chomps’.

A determined seller out there?? Maybe, or maybe just someone selling enough to cap the price in the absence of any really big news.

So to that news. Mt Padbury results - encouraging but obviously disappointing more holes weren't drilled. Need some info gary on when site access will be better. Maybe a brr follow up interview...??? Telecom Hill - again encouraging without being fantastic. Obviously more results to come.

Still work to do..."The presence of strong iron mineralisation of this tenor in an entirely new area of the Robinson Range is very positive. The focus of future exploration programs will be to locate additional zones of enrichment along the other 40km of Robinson Range BIF stratigraphy present in the western half of the Peak Hill Project to assess if lower phosphorus material is present. Additionally, there are substantial magnetic anomalies along strike that will form the next tier of magnetite targets for the project."

Hopefully CSA will come back with some good numbers from all the analysis in the next few months so we can get this merger finalised, and move on.

Cheers,
Mac


Please dyor.