Morning all.
@Paul88I do see your point in that the retrace looks like it should be at a turning point and I think similar.
If not on a TA perspective then on logics.
We all know what is going on in the background with production in the HL plans and that could be updated at any moment.
We also know that we have ongoing assay results rolling in BUT we are again at the mercy of the labs, 5 weeks.
This excerpt if from the May 7 ann so suggests we have still 4 weeks to go.
I am betting that AP is already seeing what is in both the cores and the RC pulps.
He does his own testing and his knowledge allows for the accuracy we are looking for.
Just wish he could share that but hey, that's our regulations and asx rules.
Exploration can make TA somewhat inaccurate because there can be incredible surprise elements that defy TA logics.
We know what those surprise elements are and it is only a matter of time till we get the answers we seek.
But while the SP retraces, the logics tell us that the mc of late suggests some irrational valuations, ( on the downside ) given what is developing at Mulgabbie.
I just wonder how quickly the 260k oz res is growing given the drilling we are witnessing and what date we begin production.
There will be a rerate soon.
The Q is when and not if, aimho of course.
Keep an eye on the next results in the current ac program because we may get indications of the Paleo Channel extension ( Supergene HG ) that could add oz's very quickly.
As I understand it, we will be in production later this year so now it's about how big this discovery is.
The costs are being paid for by Line Hydrogen, so will they drag their behinds given that studies have been underway for some time and permits exist under a ML.
Updates are due and incoming.
If anyone thinks there could be negatives with the progression of the HL plans, I suggest that you watch this space because I believe it is most definitely positive and getting better, but again, aimho.
Kind regards, Wack
