It will be interesting to note the market reaction to the Crockers Well resource estimate when it is released - Like MTN, PNN has yet to drill at Crockers Well and will be piecing together an estimate from old data. Differences however, are that Crockers Well already had a resource estimate, (just not a JORC compliant one).
If the Crockers Well JORC estimate is realeased without any drillling results from its other projects, it will be a further test case on the acceptability releasing a JORC estimate without further drilling. If PNN gets a sustained positive reaction, this will in turn say much about the credibiltiy of MTN managment as being a factor for MTNs post announcment share price decline...
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
7 | 1182976 | 11.0¢ |
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Price($) | Vol. | No. |
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12.5¢ | 10577 | 1 |
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No. | Vol. | Price($) |
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7 | 1182976 | 0.110 |
2 | 1550000 | 0.105 |
17 | 2027850 | 0.100 |
2 | 1010000 | 0.099 |
1 | 20000 | 0.092 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 10577 | 1 |
0.135 | 20000 | 1 |
0.140 | 43217 | 3 |
0.145 | 43998 | 1 |
0.150 | 142185 | 5 |
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