The biggest issue is the downtime, they have all previous results since xmas and have been in a holding pattern, and again no announcement of drilling even though expressed as April, as I posted on another thread, there is only 6 working days left till May.
Consolidation will not alter anything except they can justify further CR's and issue more script, which frankly I am not in favour of.
However I get" that its a fate of complies, and what happens afterwards will depend on results.
The reasoning I got involved was always Mars AT and Bundi, the JV's with other would be icing, I (along with many) want them to get cracking those augers, it been 6months since the last drill stopped.
The real upside is Gold, as world pricings is trending slowly north, so a discovery will run this Hard.
Todays zero trading when drilling is supposedly so close was to me unexpected, but maybe a good chance for some to top up.
GLTAH
AON Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
