Since it was considered important enough to advise us that the drilling had operationally progressed downhole from RC to Diamond Drilling ( 11 May) , which in and of itself hardly merits an announcement I would have thought, I sure as hell would expect an announcement be provided that the hole had now been completed to full depth assuming it has (which is likely given the time that has since elapsed). This would necessarily then mean having to make comment on whether plate B was intersected and if so, what the visuals show. This seems a far more important update ( and market sensitive) than telling us when the drill changed from RC to DD. And given the large , in % terms , fall in the share price this past week on unusually heavy volume, all the more reason an update needs to be provided, immediately. We should not have to wait for a 2nd hole results before an update. If the plate B hole proves to be a duster, then yes, ASX absolutely needs to issue a Market Aware notice to the company on the drill progress and observations noted given the "extraordinary" trading in the absence of any news. Personally, I am inclined to the view we have a duster, but am not selling as the area as a whole is still very prospective.
MRD Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held