I got the email from ABU (the 40% JV partner in Broads Dam) who is in charge of the drilling results on MONDAY. The email said:
"we expect the multi element assays shortly."
Hence, what should I interpret "shortly". It has been two weeks since the drilling was complete, which far longer than it should have taken.
I believe they have recieved the results and are making interpretions of the results.
Buyers are building at 4.5 and 4.6 cents, but I think current shareholders won't sell that low with BIG news about to be released. I would the only price other shareholders would sell at would be 5 cents or above. I think they will be the ones regretting it when the share price rises after the announcement is made.
It took me two days to buy a relatively small parcel of shares at 5 cents only a couple of days ago which highlights how tightly held the shares are.
Look at how close Broad Dam is to other operating gold mines. It would suggest that there is a very good probability that this tenement will have Significant Gold Mineralisation.
I am looking forward to this announcement. I would expect the share price to rise substantially when released. It's worth while adding AGV to your watchlist.
Good Luck
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