Amongst all the gloom and doom, ATN is not doing bad, I guess there is a reason to it.
I called the company, and a rather happy Tom answered my queries on two fronts:
1) Status of results: he mentioned that they have reached Australia, are in the hands of customs, roughly 3 weeks for results... which is sticking by their previous guidance
2) Extra Rig: - he mentioned the extra rig is drilling, in order to achieve the desired scope of drilling quickly, in order to make their decision on exercising the rights for the overall Obi project
3) I asked him a few obvious leading questions, which he smartly declined to answer -- ie what does he think of the project, are they going to exercise the rights.. etc However he did sound confident being in this position, and eagerly awaiting the drill results
Which way do you think this will go folks?
All the best
Thats just more thought for you all
ATN Price at posting:
4.0¢ Sentiment: LT Buy Disclosure: Held
