What's playing out now is your standard small cap mining, stalling announcement play 101, that's used all the time.
Hole 1 - very ordinary / duster, Drill hole 2 to get good results to mask Hole 1.
Make a later than expected announcement to the market, reporting on both holes. Hole 2 hits the sweetspot and excites the market with great results, everyone's forgotten about hole 1 being a dud. SP increases and everyone's happy.
This gameplan works in favour of management and holders most of the time.
The only downfall is if your get out of jail hole 2 is a duster, the report to the market stinks and the SP gets hammered.
All will be OK though, too many positives to throw the towel in just yet.
Cheers
Tradealot
MRD Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held