The only thing that has delayed this drilling program has been the weather. Apparently they have had more than their usual share of rain in that area.
I believe the project is right on track with all approvals in place, drilling contract completed,head Geo reallocated to a lovely town close to the project, and the start time within the next 1 to 2 week.
So lets relax and make some money in the next six months.
In regard to the options exercised last week, I cannot believe that the company did not draw the option holders attenion to the benefits of waiting until May and taking the extra pigg back options. I was also wondering if the seller of 833,333 is the same person or company?
I am not concerned with the selling pressure as the astute buyers have been soaking up the offerings and keeping our price at a level that can move upwards when the results start filtering in.
Keep in mind the adit (shaft) that the Sth Aust Govt sunk into the main ore body. It is a huge asset for ROY as they can take direct samples for immediate assay and assesment for mining ore recovery. Keep in mind that this work has aready been done by the Govt.
Sit back strap in and join me for a ride into history.
MFE Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held