Market-sensitive announcements command instant attention from investors, but they can also be marketing. Some companies might use these to show progress when there might not be as much of that as investors would like. Right now we are in an info vacuum as they arent talking up drilling until they show cores.
The price sensitive component of this could be
- Yes they have spent money on the surveying at these sites so eroding the cash position we hold and we dont hold a lot of cash.
- They have mentioned that drills are actually turning and in delivery at Mulligan, also showing that this has commenced and is spending money.
The rest is marketing. But you are correct that it is a little fluffy
MEI Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
