"Reinterpretation of 1,016 stream sediment samples from the Iguatu Project"
So it looks like the first interpretation didn't grab the attention they were hoping for.
Then, they went back for a second time to re-sample 1,016 (note they threw in an extra 16 for effect) which surely would have had the same or similar cost to shareholders all over again....'watering' down cash from this stream even more.
In my opinion, DE and his mate could possibly be using this listing not so much for the benefit of you shareholders, but more for the benefit of advertising to the mining industry at large that they have multiple promising targets from water-samples and shallow auger drilling.
They've already seen from the recent CR that they couldn't eek out much cash from the retail community and had to rely on two high-worth sophicated investor individuals, whilst the Instos appear to have had absolutely no interest in this gamble.
Such a weak announcement, imo, to say the least....
GMN Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)