According to last announcement 'Follow-up work underway at Iris prospect, Cloncurry QLD' on 29/09/16,
it said the 4 diamond drill hole program is expected to take 4 weeks to complete.
Therefore it seems about half of planned DC drillings are likely finished.
Say likely 2 holes finished, or about half of 4 holes are underway as long as weather is permitted.
For an entertainment in the meantime, if we try to find possible causes of SP down, it may be either:
1. just shareholders natural selling down with negative views or whatever any personal reasons.
2. possible informers advance selling with possible negative outcomes.
3. possible informers advance selling with possible positive outcomes to make bear-trap bias.
In this reagrds, for short term approach holders, it may be a puzzle
but absolutely negligible for not a short-term viewers.
Regards,
MEP Price at posting:
9.8¢ Sentiment: None Disclosure: Held
