MRD 0.00% 0.1¢ mount ridley mines limited

Ann: Appendix 3B, page-5

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  1. 870 Posts.
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    Patience, remember what the latest report actually said and that was only issued on 28/11/2016

    Hole MRDD017 has been terminated at 410m after a Gyro survey over the weekend, due to
    excess deviation that has taken the hole too far off the planned course. The extreme
    deviation due to geological conditions nullified the effects of the course correction and will
    now need to be replaced with a new hole.

    A new hole, MRDD018, has been planned to allow for the exact type of deviation
    encountered lower in MRDD016, and now encountered in hole in MRDD017.
    Drilling is expected to commence on this new hole immediately.

    That hole would not have been completed yet and is probably not at the target depth yet either, hope others begin to think like you guys though and start dumping the stock, there might yet be some bargains.

    I'm not exactly financial currently at the moment but .006- .007 will do me and if it gets to that sort of ridiculous level I will definitely be buying more.
 
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