Maybe they didn't find anything at Machinga? Or, have they actually drilled it? I don't know...
I had a close look at the announcement 23rd November 2011. It says:
"GBE... is pleased to announce the commencement of the 2011 drilling campaign at the Machinga REE Project in Malawi.", and
"More than 4,000m of RC drilling planned: 3000m targeting Machinga Main Zone and 1000m targeting Lingoni anomalies."
"The drilling program will focus on confirming and extending the multiple zones of near surface, high-grade heavy rare earth oxide (HREO) mineralisation in Zone 10 through Zone 70 (Figure 1)."
They still should report those results, whether they found something or not. Not finding mineralisation is as material as finding it.
Yaq
GBE Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
