"So little gains on great announcements will be the scenario from here on i tend to think"
Not necessarily. I think it will depend on the announcement. Any drill holes that indicate a substantial increase in deposit size, or perhaps some good hits at P2 may be met with more enthusiasm than was today's ann. I'll say it again. Today's results, as stunning as they were, were mostly infill holes. Think about it. If in the early stages we got a good hit in one hole then stepped out 200m and got another good hit then that means, apart from the second good hit, that the size of the deposit also increased. So now we are at the infill stage and so we drill holes halfway between those two holes, 100m from either hole and thus we get the good hits we got today. Two things about that. 1. It is probably no massive surprise to the market that we got those good hits (but still a positive) drilling half way between two known good drill holes. 2. It does not define a larger deposit.
I'm not bagging todays results. They are great but they are just part of the disciplined methodical approach our management has taken from the start. A further increase in the size of Luni or some spectacular hits at P2 might be met with more market enthusiasm than was today's announcement. In my humble opinion.
- Forums
- ASX - By Stock
- WA1
- Ann: West Arunta Project - Luni Assay Results
Ann: West Arunta Project - Luni Assay Results, page-69
-
- There are more pages in this discussion • 521 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WA1 (ASX) to my watchlist
(20min delay)
|
|||||
Last
$14.97 |
Change
-0.040(0.27%) |
Mkt cap ! $971.0M |
Open | High | Low | Value | Volume |
$15.05 | $15.23 | $14.55 | $3.209M | 216.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 978 | $14.68 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.99 | 300 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 978 | 14.680 |
1 | 978 | 14.650 |
1 | 50 | 14.630 |
1 | 978 | 14.610 |
1 | 978 | 14.570 |
Price($) | Vol. | No. |
---|---|---|
14.990 | 300 | 2 |
15.000 | 8592 | 4 |
15.010 | 600 | 1 |
15.020 | 978 | 1 |
15.060 | 978 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
WA1 (ASX) Chart |