ADT 2.38% $4.10 adriatic metals plc

I suppose they would need to report any dusters on the down...

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  1. 11,185 Posts.
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    I suppose they would need to report any dusters on the down strike/plunge extensional drilling if they had any.

    The announcement says

    is pleased to announce that it has received assay results from a further three drill holes from the current programme at Rupice”

    If they actually had assay results from the strike extent drilling, ie more than three holes, that would make the above statement misleading.

    I suppose in theory they might have drilled the vertical hole from the hole 8 drill collar and not seen any visuals, so not sent the hole for assay which would still be consistent with their statement above and not make it misleading. It’s probably likely that they just haven’t drilled or received the results from this hole yet but it would be nice of the company to address the situation with respect to where they are at with the down plunge drilling. If they know something about the continuity of the mineralistaion in that direction they should be telling us.

    I’d say a big share price rerate will come when and if they start stepping the orebody out in the strike/plunge direction. The up and down dip is more or less factored into expectations, although it’s good to get the confirmation. Esh
 
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