For me its a combination of news - all due very soon.
1) Completion of Phase 1 drilling due latter part of Q4 2011 (this month) - 28 holes, 5000 metres, in south side holding is the biggie. If they find all four seams to depth - very tasty. If better/thicker/shallower seams all the better. Bit of a jump if positive news hinted at - especially in holiday trading mode. Full results due Jan 2012. Am hoping that "bit of a jump" is the understatement of the century of course.
2) Positive outlook from scoping study due Jan 2012.
3) Interest stirred by sales pitch being carried out.
4) Hint of serious accumulation by serious buyers
5) Confirmation that directors/long termers not selling
6) Any early positive news from gold drilling in Tassie - Specimen Reef
7) News of successful funding to allow for expansion of projects. This is a biggie for me - to limit further dilution. Chris Mason looking the goods on this front - quote below pinched from the last presentation.
"Chris has over 10 years of financial sector experience beginning with various management roles in Banking before joining an ASX listed full service broker as a Private Client Advisor. His most recent role was with a niche Perth based Advisory firm where he played a major role in providing capital raising and marketing advice for listed and unlisted coal exploration companies."
Any thoughts anyone?
NMR Price at posting:
3.7¢ Sentiment: LT Buy Disclosure: Held
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