your post is misleading and should be removed
State Hole #1 was drilled to the southwest of Husky Fed 6-15 (an
existing oil and gas exploration well) which intercepted thick potash in
Bed 18 as well as moderately thick potash in Bed 13. The location of
Transit State Hole #1 was chosen to determine the known extent of
potash mineralisation in Bed 18 and Bed 13
dissappointed with todays news
management waited till late in the day for news( after it had been sold off), they could have halted it this morning and given all a level playing field
they said grade and thicknesses were less than nearby well, and they didnt give either estimates
the market hates uncertainty ( if the results were good i would imagine they would have told us)
Not the end of the world as have 30 odd previous drill holes so we know the potash is there, just not that impressed with how its unfolded
i sold a few
tight stops
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