May not see a TH until Friday or early next week when you read...

May not see a TH until Friday or early next week when you read the detail from the last announcement...

1. Strike will continue drilling through the remaining High Cliff formation until reaching the Holmwood Shale.
2. Drilling into the shale will be required to create a ‘pocket’ to allow for wireline logging tools to be run through the High Cliff and capture the best available data.
3. Logging while drilling tools were not run through this section due to drilling restrictions at this depth.
4. Following reaching a final well TD, based upon the logging pocket, the well will be conditioned and the drilling bottom hole assembly will be pulled out of hole ready for wireline activities.
5. A full suite of available logging tools will be run through the High Cliff and also gathering further data through the Kingia"

They will have to pull out some 5+ km of drill and start swapping in-out wire-logging tools to do proper logging analysis once they reach TD. Not sure how many times they will have to rinse-repeat the process for the different sorts of tools available. But I'm hazarding a guess that the deeper it gets, the more tools you would want to use for a clearer and accurate picture of what could be concluded is indeed down there.

The SP chart being in the red is nothing to worry about as it is the typical technical-possible-sell time for the traders. Investors will sit tight until we get fundamental data.