From the commencement of Drilling announcement,
‘Approximately 6,200 metres of drilling is planned for this initial, first pass programme although the rig may be retained and the programme extended if the results and geological observations justify further work while the drilling equipment remains onsite.’
Could they have raised the more funds to extend the programme? It is a 11 days since they started and it was due to wrap up at the end of the month.
Not sure how much cash they had for extra drilling.
Perhaps trying to read too much into it, but just a thought.
Ann: Completion of Share Placement , page-2
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