Always possible that a significant announcement won’t achieve expectations and this one is no different. Maybe the delays are due to mgt having a tough time getting the consultant to sign off on whatever tonnage mgt think should be included in the reserve?
No point having this forum if we only blindly ramp the stock (like most other HC stocks do).
Then again, it’s still May and guidance for the JORC is May, so no point fretting. Maybe the time from last assays to JORC is slightly longer as this upgrade involves sign-off of a reserve and not just the usual resource?
Soon find out, but my sense is that mgt has spent the last 2 years delivering on every occasion so I expect this JORC news to follow suit.
Always possible that a significant announcement won’t achieve...
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Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $559.8M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 19.3¢ | $5.462M | 27.56M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 202667 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 6654078 | 37 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| LRS (ASX) Chart |