This was my post from a while back.
This has probably been discussed on their thread but I went through the announcements for AMN and found something strange. I briefly outline the announcements below:
16/08/16 Drilling commenced to convert 4.3mt indicated to measured and 19.1mt inferred to indicated
4/10/16 Drilling complete. Updated resource Q4 2016
13/01/17 Updated resource expected Q1 2017
04/04/17 No mention in announcement about updated resource. Its disappeared.
26/07/17 Expanded tenements but no mention of drilling yet (this could expand the resource 20%)
So what went wrong with AMN's drilling program? They failed to convert the 19.1mt inferred resource to indicated and the 4.3mt indicated to measured.
That means they are doing a feasibility study on a 4.3mt deposit! Hardly earth shattering!
Maybe RWD had a very good reason to abandon Lake Mackay?
Drill results being swept under the rug?, page-4
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AMN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
14.5¢ |
Change
0.010(7.41%) |
Mkt cap ! $60.70M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.5¢ | 13.5¢ | $4.941K | 35.18K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 74741 | 2 |
View Market Depth
| Last trade - 13.05pm 26/11/2024 (20 minute delay) ? |
| AMN (ASX) Chart |
