T10, page-6

First 6 Last

Share
Profile

Follow
squire

4,929 Posts.

08/10/14

18:24

Post #: 14095266
Share

Originally posted by Shady Merv ↑

You reckon? Maybe the company's SP is caught up with the general malaise at present, but is it a correction? I can't see micro caps being caught up in any correction, if there is one of course.

Nah, imo it started with the 2 Anns on 22/9. Some punters expected more or better. The SP had rallied from 14c on 3/9 to 20.5c on 17/9. On 22/9 the early high was 19c, but the 2 Anns resulted in a descent that day to 15c. That killed the momentum dead in its tracks and reversed the trend. It has not recovered. IMO it has nought to do with any global correction.

The gold price drop has been a factor though I believe and the exploration and mining market has gone very quiet.

T10 could break the mould. I expect drilling to start soon -no knowledge of course, just an educated guess, and the money has to be right doesn't it!

Forrest is still a major play. No-one should think that it has been discarded. A conductor has been found and one of expected VHMS origin they say. The geophys work has to be done properly so as to make sure the drill holes hit it. Therefore, I reckon it may take a few weeks to get advice that the drilling targets have been identified. Then there will be the drilling - maybe 2 or 3 down to say 500ms each. How much per hole? This is a guess based on what I have picked up elsewhere in the past, but I'd say at least $200k per hole. Get the targets right please.

So, we can expect a decent hiatus til assays at Forrest. In the meantime give T10 and Beatty Park a whirl. It's not desperation at all. It's all common sense and no doubt part of the plans that were hatched some months ago. The geophys work had to be done at T10 and BP before the drilling program could be determined.

At T10 we can expect 'a series of +120m holes... to test the centre of the modelled conductor'. Please be good!

Expand

You know shady all I think are in tune. If we could get similar certainty on funding or cr all would simply sit back and wait for it to unfold. Just need the ding ding on the money piece.

AUR Price at posting: 12.0¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

The winners & losers on market if negative gearing were gone

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

There are more pages in this discussion • 79 more messages in this thread...

First 6 Last

Add AUR (ASX) to my watchlist

(20min delay)
Last 0.6¢		Change 0.000(0.00%)		Mkt cap ! $2.859M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
6	2426728	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	695645	4

View Market Depth

No.	Vol.	Price($)
6	2426728	0.005
5	1249480	0.004
6	2975000	0.003
3	2200000	0.002
2	1300000	0.001

Price($)	Vol.	No.
0.007	695645	4
0.008	100000	1
0.009	550263	2
0.010	984315	2
0.012	32225	1

Last trade - 09.59am 27/09/2024 (20 minute delay)

AUR (ASX) Chart

Day chart unavailable

T10, page-6

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

The winners & losers on market if negative gearing were gone

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

T10, page-6

Top Stories

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

The winners & losers on market if negative gearing were gone

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News