CNJ 0.00% 0.1¢ conico ltd

The build up before hole 1 occurred just after the "Drilling has...

  1. 493 Posts.
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    The build up before hole 1 occurred just after the "Drilling has commenced" announcement on the 20th July. There were 3 trading days of build up to end the week and Monday morning (26th) the good news hit. I don't see a leak there, only speculators taking positions.
    The pre trading halt trading was only a couple of days and there was no sign of a leak there IMO as the more average results of holes 2 and 3 had not showed in a sell down.
    IMO we would be above 7 c by the Friday (30th) if they had not done the trading halt. This weeks gain, has been on the back of the 55m of sulphides in hole 1. No leak IMO.
    Hopefully holes 4 and 5 have gone well past target depth due to continued mineralisation. Hole 1 tells us this system is exactly what we are after and now they just have to pin down where the massive sulphides have accumulated.
    I will be very surprised if Monday does not bring an update.

    All IMO DYOR GLTAH
 
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