AON 4.35% 2.4¢ apollo minerals limited

Not a bad result, page-19

  1. 522 Posts.
    I am addressing on someone's comment re: HPX results.

    HPX might or might not release their drilling results and they do not have the obligation to release them as they are private company and they are the JV partner who does the drilling and not Apollo, so Apollo does not have any say on where and when to drill. Apollo might have seen the results but I am not sure if this would constitute an obligation for them to release the results.

    HPX drilled some holes at Wirrida Intrusive Complex against the recommendation from Apollo who has a little bit more experience with the area than HPX. Apollo recommended HPX to drill south of Wirrida instead but hPX did not listen. I think a combination of Wirrida drilling resulted nothing and other factors (need more capital for future drillings, etc) contributed to the selling of AON shares by HPX.
 
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