Going by the latest announcement, looks like we may be drilling in the next month or month and a half at the latest? This is assuming that there is no more timetable revisions and the acquisition goes smoothly. But going by the company track record for delays, not surprised if more delays do pop up. Hopefully they finally get it right this time
Settlement of acquisition: 12th December 2011
"Immediately after acquiring the Project, the Company intends to undertake an exploration program consisting of geophysics and drilling, to demonstrate the economic potential of the coal seams, with the aim of defining an initial JORC compliant resource on the licences."
Share price has been pretty weak (appalling really) and there is a multitude of reasons and contributing factors. Big concern for the people looking to sell in the short-term , but for the long-term holders ...we're almost there! I'm keen for the results of the infill drilling in the vicinity of the 60m coal hits in Ovoorhangay and more news from Indonesia and the South Gobi. Best of luck to all; traders and investors!
drilling in a month or so?
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