re: speculation...i phoned them
Today before the trading halt,I spoke to their Melbourne office.
Said lab results due early next week. Christmas/new year break reason for taking so long. Sounds feasable.
About 1/2 hour after I got off phone, trading was halted.
If what they are saying is true, & lab has not completed analysis, the trading halt is not to do with this & is something altogether different.
Maybe more promising drilling results.... The holes don't take long to drill & they may well have preliminary visual/field/onsite results from a few more by now.
Maybe ASIC enquiry into director share trading.
I doubt if it will be to do with aquiring more leases as someone earlier suggested, as this would not warrant a trading halt.
Doubt if it would be any capital raising prior to release of more results. They have budgeted for 18 holes in this current drilling programme. If results are promising they would surely wait, so don't think this is the reason either.
Roll on Tuesday.
Bendigo
RRS Price at posting:
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