Totally agree, ESR’s Phase 3 drilling program will continue to come up with more positive drill holes because ESR keep drilling in the same spot, if they didn’t I’d be really concerned. However put yourself in CD’s shoes and you’d probably do the same if a CR was on the cards.
If ESR can hit a strong target with their first Phase 4 drill hole, it will give share holder some confidence with the geo analysis completed to date. This would take the SP to over $0.10.
In my opinion, ESR need to put a detailed Phase 4 program on the table to shareholders prior to 14 June.
Ann: Trading Halt, page-104
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