Well, it doesn't get much more than May and May/June than...

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willious

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30/05/17

21:58

Post #: 25002753
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Originally posted by willious ↑

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Well, there's not really too much to really say at the moment. Volumes are low, but generally they have been with OVL (it is not an everyday high volume share; may move 1M shares a day).

Volumes were higher between the weeks of Sept-30-2016 to Nov-04-2016; almost 250M shares changed hands in some manner, at an average of above 0.02 per share. But what have the assays brought up? Two, possibly four hits from seven holes. It was a long wait for those holes to be drilled, and it's a long wait for the assays to be presented, as well. Hard to know without the hard data, but I'm not really believing that the drills via NCM money will stop at this stage. So the sp is doing a bit of a limbo dance at the moment.

If there was to be a capital raising, perhaps there would be a bit of a hamming up of the results so far? I don't really sense from OVL announcements that this is that kind of operation, however. We just have to wait on OVL to pony up the results and the chips will fall where they may. There's some announcements coming up that should make the direction of the sp a lot clearer (from the 11-MAY-2017 presentation):

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Well, it doesn't get much more than May and May/June than tomorrow. Surely there will be an announcement relating to either the drilling results, or more likely the San Isidro soil sampling results.

OVL Price at posting: 1.3¢ Sentiment: Hold Disclosure: Held
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Well, it doesn't get much more than May and May/June than...

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!