The drilling could be seen to be aligned with gaining of the rights currently. Drill our initial holes where we already know there are thick coals and that should get the SP to 0.2c for 20days. Is anyone surprised with the historic data available and those performance rights that they have hit thick coals with all their first drills.
Whole market sentiment has changed since specification of the performance rights so the 0.2c SP will be a challenge to achieve of which they probably previously thought was very achievable 9 months ago.
Just my thoughts around this, and my reason for not yet buying in. (that and the overall market currently)
TMK Price at posting:
1.1¢ Sentiment: None Disclosure: Not Held
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