MRD 0.00% 0.1¢ mount ridley mines limited

Today's Volume, page-81

  1. 1,055 Posts.
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    Hi @loutcrop

    What's playing out now is your standard small cap mining, stalling announcement play 101, that's used all the time.

    Hole 1 - very ordinary / duster, Drill hole 2 to get good results to mask Hole 1.

    Make a later than expected announcement to the market, reporting on both holes. Hole 2 hits the sweetspot and excites the market with great results, everyone's forgotten about hole 1 being a dud. SP increases and everyone's happy.

    This gameplan works in favour of management and holders most of the time.

    The only downfall is if your get out of jail hole 2 is a duster, the report to the market stinks and the SP gets hammered.

    All will be OK though, too many positives to throw the towel in just yet.

    Cheers
    Tradealot
 
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