AON is not the only mining stock that I know of that is taking much longer than anticipated to publish details of its drilling results.
I own 4 mining exploration stocks, and all have slipped in the proposed results dates.
Assay results of mineral samples are certainly taking longer to process by the labs than they used to. There could be a huge back log, staff shortage.
Until I can read the report of what the mineral samples are, my complaint is not with AON, but with HPX , who are in this for a quick buck. Its tough for mining minnows to raise capital, especially since the downtown in Ozzy mining, so they have to take what they can get to keep on exploring.
What is surprising, is how little we have heard of this new ground surveying technique deployed by HPX. If it is as good as they were saying, I would have expected more news from HPX on how wonderful they are at finding mineral deposits.
Sit back and wait for assay result, then we shall know the true reason for the sell down from Sept to Oct.
AON Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)