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30.0¢ swick mining services ltd

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kgtom

2,993 Posts.

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04/12/21

09:22

Post #: 58069259
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Originally posted by kgtom: ↑

This possibly affects DDH slightly more than SWK, but since I only own SWK at this stage I'll post here.

As we know SWK and DDH don't need to post quarterlies so whilst we can be a general feel of how the exploration is growing, we wont get any specific numbers till the next half yearly, so it is with great interest I noticed some figures in today's *********'s newsletter.

"Gold remains the most sought-after commodity in Australia as exploration spending continued to surge in the three months to September, rising a seasonally adjusted 4.5% to $926 million from the three months to June."

Now whilst drilling doesn't necessarily represent a huge amount of this spending it is nevertheless a significant part, and good to see exploration is still growing in spite of the stagnating gold price. More at:

https://www.*********.com.au/2021/12/03/gold-proving-resistant-to-covid-the-third-time-around/kg

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********* Perhaps you'd like to share a coffee at the cafe.

SWK Price at posting: 38.0¢ Sentiment: Buy Disclosure: Held
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