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From Rag(s) To Riches?, page-18

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liner08

1,119 Posts.

217

16/09/22

12:44

Post #: 63738082
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Originally posted by Hutchym8: ↑

Perhaps the reason for no announcement is in my opinion, From briefly looking back into the previous drill results, on 17/2 they gave the "massive sulphides " hit ann and the SP pumped hard and then dumped quiet heavily and retraced over the next few weeks. Then it took 2 months for the assays to come out in which they were good and the company SP went up again.

My theory is perhaps as they are going to need to a capital raise soon they do not want any form of instability and are going to just wait for the assays to come back and if they are substantial the price will raise significantly and then they will be in a good position to do the CR.

If they do a massive sulphide" release and then the assays actually come out mediocre or not as good as anticipated the SP would get absolutely wrecked.

All just my speculation, they may very well release an ann soon or just wait until the qtrly to give an update on how the drill program went which would be resonable to do and then assays wouldnt be that far away

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They are doing robotic xrf assays in Sweden right? Not long to wait then....

RAG Price at posting: 3.6¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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