One can only speculate. I would have expected them to have the results by now. The only reason for not releasing them is that there is some outcome dependent on the results that they do not want to release at this time. This could be:
1. The results are crap
2. The results are so inconsistent that they are having some re-assayed (I think that this is the most likely scenario)
3. The results are really good and they are positioning themselves for some movement
4. Someone has come along and made then an offer to buy them out or buy in
5. The MD has the flu and hasn't written the press release yet
6. Staff had so much fun at Diggers & Dealers that they forgot to write the press release
It is so early in the project timeline, all things are possible.
HCO Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
