Hmmm, the extra delay has me thinking, sure they have over a million in the bank but if the next drilling campaign is going to be "rather large" then perhaps they'll do a CR as well, could explain the extra delay, more time needed to sort out the particulars, etc??
No one likes further dilution but if it means a heap of news flow from assay results this year then I'm all for it! I think Dacian had several rigs drilling at once at some point?
Anyways just having a stab in the dark here, looking fwd to the quarterly, or the next update. Can't be far off now.
SMD Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held