I agree with Onceover.
As usual, the company knows something that we dont at the moment.
I reckon there is a visual gold aspect to this Trade Halt.
As regards DXDD001 diamond drill, they programmed to drill to 260 metres but
for no stated reason they drilled way past this and have a photo of the core
from 283.6 metres deep with visible gold.
But the decision to drill on past 260 metres was made 23 metres before the
photographed core at 283.60 metres....
Why waste expensive D/Drill time and money for no reason.
My theory is they had a good reason...... they saw plenty of gold in the core
so kept drilling.....as we would if facing the same situation.
It doesn’t say they drilled further except the official log lists the hole as having
finished at 285.5 metres. Probably ran out of casings.
You would only need a half decent metal detector to guess it was good core....
About then, they would have realised that they had some serious gold and
started planning how best to take advantage of it for the company and us
shareholders prior to the assay results coming out.
Now that they have to raise funds to continue exploring, the cat is liable to
get out of the bag with some loose lips so they called a TH. As to the
timing being good or bad I see both sides of it.
Again as suggested by Onceover, it may be that some of the sophisticated
investors subscribing to this new issue are actually the company's directors.
About here, I would be looking for what is not getting said in the reports to
keep the lid on this and make the most of it.
To be looking at spending heaps to IP interpret the whole 6km tract infers
there is something serious to be spending the money.
Many others have drilled here and not found much but it seems AUZ are
in the zone.
Just my theory, might be streets off. DYOR
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9 | 6584859 | 0.004 |
2 | 2400000 | 0.003 |
Price($) | Vol. | No. |
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