Need to read the update again but at face value it comes across in a semi-positive light (if you're LT).
Looks like new info has come to light that may change the drill target. You want to stick the drill where you're most likely to get a result so a prudent move.
I'd suggest we've got another couple of months before a definitive drill plan is confirmed. No idea what the approval process would then be with the Indo regulators but there maybe another month before any actual work commences.
And that unfortunately matches nicely with the rainy season.
Looks like a holding pattern for mine with the real action kicking off early next year.
Any other interpretations?
QPN Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
