I am not suggesting that SDL are 'witholding information' from shareholders, which is illegal and would upset ASIC. What I am suggesting is that they are intentionally not confirming any results until the time is right.
I don't know what the exact process is, but I'd imagine that the first step is to drill the holes and get samples. The next step is to send these samples off to the lab for testing, so that they can confirm the quality and work out the size.
So what I am suggesting, is that SDL are simply drilling and stock piling these samples so that they don't know what the results are and are not breaching ASIC rules by withholding information. Once they have enough samples, and the timing is right, they send all the samples off for testing, and release the results in full accordance with ASIC's rules.
Anyway, that is what I would do, but you need to remember that I don't have a University Degree in contemporary arts or anything.
SDL Price at posting:
46.5¢ Sentiment: None Disclosure: Held
