Totally agree. Nothing in this to justify the huge volume over...

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Ninja_Chook

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24/01/17

16:31

Post #: 22110764
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Originally posted by jas626 ↑

nothing really new in this announcement, have a read thru the last quarterly report

"The Company has entered an agreement to gain access to the Aboriginal Reserve covering the Cosmo Newberry Project and with the grant of a 5 year extension to E38/2274 in September; the company has started the process of initiating exploration activities. "

"The Company has entered into an agreement with the Cosmo Newberry Aboriginal Corporation, which manages the Aboriginal reserve over the Cosmo Newberry project which was executed at the end of the quarter. This provides a basis for undertaking some preliminary exploration on the project area. This is an important step as access to this project area has been the main barrier to the company exploring this prospective greenstone belt.
In addition, the company received advice from the Department of Mines and Petroleum that they have granted a 5 year extension to Exploration License E38/2274 which covers the central portion of the Cosmo Newberry greenstone belt.
As indicated in the previous quarterly report, 3D Resources has been re-assessing the geochemical exploration data and airborne geophysics as a way to generate some target areas to initiate exploration. While the initial access agreement allows only limited reconnaissance work it is seen as a step in the process to gaining full access to this highly prospective area"

so after 3 months there just rehashed the same news?
and after 3 months have not even started preliminary exploration yet.
I would not be expecting drilling for a very long, long time.

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Totally agree. Nothing in this to justify the huge volume over the last 2 weeks. Waiting for the real reason to become apparent.

DDD Price at posting: 0.6¢ Sentiment: Buy Disclosure: Held
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Totally agree. Nothing in this to justify the huge volume over...

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