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$19.38 wa1 resources ltd

In theory, the results should just about be all available soon...

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CravenSpecialMild

1,120 Posts.

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19/03/24

17:58

Post #: 72965394
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Originally posted by PutSauce: ↑

Under continuous disclosure rules they'll just release them when they receive them as you pointed out. It's very likely they've asked to receive them in a bulk lot, hence the delay. I had a quick look at out last 3 drilling announcements just to get an idea of what we can expect.

11 December 2023: 21 RC 1 DD
2 February 2024: 17 RC
21 February 2024: 16 RC 2 DD

235 holes have been drilled to date, with 93 pending, so a fair bit to go. That's about 4-5 announcements worth of results given that we were getting around 15-20 holes a month last year. Having a look at some previous MREs over the past few years, I've seen a roughly 5-6 weeks gap between the reporting of all assays and the subsequent MRE. That means by mid April - super early May (the latest) we would want those assays. It all depends on how the MRE model is progressing but also if priority assays are paid for. Given that we paid $4m on admin costs, I'm sure management would expedite the assays rather than delay the MRE.

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In theory, the results should just about be all available soon for last year's drilling.

It may be Regal controlling the price to keep accumulating. They have surprised us before.

WA1 Price at posting: $11.72 Sentiment: Hold Disclosure: Held
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Last $19.38		Change 0.490(2.59%)		Mkt cap ! $1.188B

Open	High	Low	Value	Volume
$18.91	$19.55	$18.81	$5.690M	294.4K

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No.	Vol.	Price($)
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Price($)	Vol.	No.
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No.	Vol.	Price($)
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19.490	1000	1
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