What's happening Friday and today is completely sarcastic.
These are only the panic sales. People have no idea what they are doing but only thinking to sell stupidly.
The basher guys here are only helping people to be in more panic and sell out. One of them here are asking if Brendan Borg sold out, the other says he's probably sold out already. Totally manipulative acts to put people in more panic.
Why would Brendan Borg sell out? He is a pro. He is not stupid that he would sell out at first hole.
The drilling is happening, Fist hole is done. The second hole is on the way. I explained above that this was a greenfield exploration, not enough and exact idea about the directions of pegmatite sheets yet. Why would you think that the 2nd hole is drilled by 90 degrees to the 1st hole? The reason is to find out the directions of the pegmatites and find the main pegmatite sheets.
For example, just as an example about the unknowns though, I am not saying this is the situation;
it was thought that the direction of the pegmatites was from North-to-South. But it might be from NW-to-SE. That's why they planned to drill the hole TD-02 by 90 degree to the hole TD-01.
Maybe the hole TD-01 was drilled parallel to the pegmatites if the direction is NW-to-SE. In that case it woudln't intersect any main pegmatite sheets. It would go blank.
Now, if they intersect the pegmatites in the 2nd hole, they will say that "OK it goes from NW-to-SE, and then the directions of the all drill holes will be changed to the same direction with hole TD-02. hey will be drilled by 90 degree to the all trenches but not parallel as shown on the drilling plan (see most of the holes are shown parallel to the trenches on drill plan).
Even if they don't intersect any main pegmatite sheets on 2nd hole, they will keep drilling for finding them because the lithium spodumene was found there. It can't come from the sky out of blue. It is there IMO.
So why one couldn't wait and see the results and sell out could only be panic I really don't know.
GPP Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held