SOLG Hole 19 & State of Play, page-42

I reckon tomorrow is a day for the buyers who have been waiting patiently. Solg off 10% in London.

I almost wonder if management have pumped it a bit hard. Like the last hole they really talked up the bornite and then the hole comes back at approx 1% copper equivalent. Still a very good result over a very large interval. Just the fact this hole is extending the resource in a huge way should be enough for the market, but because they have talked up the bornite, the hole seems underwhelming.

Now they are talking up bornite in the next hole also. As a bit of a geological laymen I don't get why they would do that in light of the recent result. I get that it indicates copper is there, and the late phase formation and whatnot, but clearly this doesn't translate into contained copper in the drill core.


40 cents was always going to be a tough nut to crack and we will just have to wait a while.

The share price won't fall much from here. To much value on offer. To ready more ammo, or to be prudent??????