Maybe they want to organise a jv before they drill near carapateena so they still have a few cards up their sleeves so to speak?
If they made a hit they would have heaps of leverage but if they miss then they might cop a shafting from the interested parties?
More likely to hit something in the Adelaide Fold Belt and won't have to drill to the centre of the earth so hopefully results will be in before the options expire as it is in the companies best interest to have them in the money. Plenty of time before they expire as long as there are no holdups. Over sold today but still might be further to go before recovery.
It would be good to know if they will drill near carapateena before September. In way over my head on this one so just have to hang on and enjoy the ride or sell my house.lol
CRJ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
