The usual practice is lower than current SP, so presumably more...

The usual practice is lower than current SP, so presumably more like 20c than 25. As you say, the details have to be seen, and sometimes these things are seen in a positive light, but rarely, unfortunately, and the SP subsequently drops.

The other issue I would have with the company if still invested is that earlier in the year they said they had acquired some all-weather/terrain drilling rigs and would be drilling on through the wet season. However, more recently they said something about resuming drilling after the wet season. Perhaps they were referring to one particular site in each announcement, though?

This one must have plenty of potential considering the ground held, but when the likes of AMX and GRY sit so low at present, with already large resources found, it may be some time before it takes off.