ALY 0.00% 0.7¢ alchemy resources limited

Ann: Independence Commences RC - Diamond Drilling at Bryah Basin, page-111

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  1. 11,557 Posts.
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    Imo, it's back to a buyable price range at present, and there is liquidity now too, which is better.

    Some holdings have been let of their cages it seems, and maybe too being turned over a bit.

    How long til drilling news I wonder! Good climate for a decent base metal hit!

    This is an extract from the aly 29 june ann. The drilling probably had commenced by then.
    'Alchemy Resources Limited (ASX: ALY) ("Alchemy") is pleased to announce that Independence Group NL (ASX: IGO) ("Independence") has commenced a RC and diamond drilling program at the Bryah Basin Project.......

    ......The initial program of five RC holes and three diamond drill holes is expected to take approximately four weeks to complete. The drilling is targeting mineralisation at vertical depths of between 220 and 400m.'

    I wonder what IGO's policy is on announcing drilling news. As it is a program, maybe wait til all has been done and assayed; unless of course something price-sensitive is found in the meantime, in which case the news would have to be released pronto. It's interesting to note though that what is price-sensitive to ALY may not be p-s to IGO. I have observed recently that the TLM and SFR announcements have had different slants and emphases.

    Time for closer watching each day!
 
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