ADV 0.00% 13.0¢ ardiden ltd

Ann: Drilling At North Aubry Delivers Early Success To Ardiden, page-3

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  1. 2,983 Posts.
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    Hi foghorne, the statements you highlight above are all stale.

    Going back in time, an announcement that contains the phrase "Early Success" has been used on nearly all announcements between "commencement of drilling" and first assays being received. On every occasion, the potential of early success never materialises into anything that may be of benefit to the average share holder.

    In line with all Seymour drill results, these visual results confirm Seymour's problem. Average intercept widths when 'shallow'. Decent intercept widths only at 150 m to 200 m deep. I'll predict the grades won't be much above 1.2% Li2O, if that (see previous results). Too small, too deep, too costly.

    The market won't respond to these results in any encouraging way.

    Good for a trade soon.
 
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