The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
New to DPEU, after hearing good things ahead.
Anyone here?
Lepidolite - "It is the most abundant lithium-bearing mineral and is a secondary source of this metal."
Pollucite - "Cesium is used to produce a dense biodegradable drilling fluid—cesium formate—which is used as a lubricating agent for large scale drilling projects."
Great band.
But what does it all mean?
"The Company believes that the Deep Purple Pegmatite in the overview of the EPO should be of particular interest due to its relationship to the main Zulu ore bodies which are only 8 kilometres away. Historically, this has been associated with abundantly occurring deeply purple coloured lepidolite but has also been worked for spodumene and is reportedly a source for pollucite."
Latest Tweet from Prem:
https://twitter.com/Premafrimin/status/1421021511478128644
Presentation Download: buff.ly/36BKval
https://twitter.com/Premafrimin/status/1412329986506231811
Not much to look at yet, but says they will tweet regular updates.
I think its a case of investors speculating that each bit of news is the actual drilling results. The SP gains positive momentum until the RNS is dropped. Then on seeing it's not actual drilling results, they sell off again.
The day we get drilling results we'll see a similar pre-RNS rise, then a strong post-RNS rise to follow.
Early details of drilling will be just that. As in, how it's progressing. How deep theyve got. How many bore holes they have started. How many drill bits they've snapped. Etc etc.
The results are the results. Such as what they've found and in what quantity and concentration.
We wont be getting "drilling results" in June. But an update on "details of early drilling", so more like how it's progressing.
GR "I expect to report details of early drilling later this month together with updates on RHA Tungsten Private Limited, MN Holding Limited, Circum Minerals limited and other developments."