Ann: Diamond Drilling to Commence at Wodger, page-90

In an earlier post I advised that a possible reason for the company being silent on the RC drilling between the anns re starting (5/9) and ending (28/9) was because it had nothing to report that was 'better' than what had been previously announced ie 50ms of cu at 1.5% and mainly oxide: hence not price-sensitive.

Alternatively it could have relied on either one or both of these exceptions in not disclosing:

The information comprises matters of supposition or is insufficiently definite to warrant disclosure; or

A reasonable person would not expect the information to be disclosed.

But the situation changed on 20/9 with the ann on the underwriting which created, imo, a sort of black-out period until the u/w shares had issued. The 28/9 ann was lacking in important detail, detail that would normally have been there I reckon. It was bare minimum stuff!

With regard to the DD, it is possible of course that nothing of significance has been seen; but it's also possible that something good has been seen but that the company felt that it would be unfair to release while the u/w was still on foot - rely on one of the said exceptions or both. Just a thought!