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thecone

2,490 Posts.

127

30/05/17

00:48

Post #: 24980250
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Originally posted by ainsleym ↑

On 11 May they started the diamond drilling pursuant to the RC collar at 277 m down hole depth. Given DD is slower than RC drilling, then lets say 20 metres per day for DD, by now that means 18 days have lapsed, =360 metres, okay lets say just 200 metres, that would still put them now at the planned end of hole depth of 450 metres and that's after passing through the Plate B. So no announcement on visuals yet for this hole, meantime share price going lower on volume. May or may not be related, but not a nice look during a drilling campaign. Should I hope get a Please Explain query from ASX on daily high volumes and 30% share price decline from a week back.

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Bang on! Tc

MRD Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
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