Member Info for SilverMoon

Nice update? Come on. No lab results and a report that they’ve just been drilling a massive difficult hole with nothing in it all this time. The arrival of a second rig is great, and there’s still hope for great news in the future, but this is not the start we were hoping for.

It was the University that is 3 hours away, not the lab. I believe they could be using ALS Labs, as they have before, based in Ireland or Romania. Results aren’t late but expected this week or next. Would love to see something from them in the meantime but perhaps the lack of updates is because they know results are imminent. If they knew there was some time to wait then that would be more reason to give an interim update. That’s just speculation though.

That same OMI September RNS states: ‘Drilling assay results have been delayed due to difficult ground conditions and the need to undertake re-assay of numerous samples to resolve overlimit issues and meet QAQC requirements.’

So I don’t think 3 months is a normal timeline. I’m expecting results in the next couple of weeks. But who knows!

I’m hoping they’ve had the results back from the lab already and they’re prepping the release for early next week. These things usually take a day or two. Maybe wishful thinking but I’m confident we’ll hear news in the next couple of weeks.

Unlikely to this week, but we should hear next week. The several stages post drilling actually take significantly longer than the drilling itself and have to be done methodically.

I think an RNS on Monday is unlikely but possible. After a bit of research I think the chances of the first drilling results being published w/c 20th October is unlikely but possible, w/c 27th October most likely, and by the end of w/c 4th November they should definitely be out unless significant delays have occurred.

They’re planning on drilling 30 holes at an expected rate of 6 holes a month (at the fastest). They must have drilled at least a few by now. So it comes down to how fast the lab testing takes, 3-4 weeks? Any day now surely

SML showing what a great drilling result can do to a SP today. Hopeful for similar action soon

Silver continues to tick upwards… but yes I think this will hover around 0.25 until some substantial news arrives. Fingers crossed that happens this month

Yes great to see, does feel like it was being held back for one reason or another. Hopeful for some logical momentum upwards now

These multiple very small trades look like bots keeping the SP low. Maybe an institution waiting for drilling news before buying big. If I was cynical I might suggest that maybe they’re expecting to see the drill results before the market does, to buy in at these low prices if it’s good news.

Now 6.24b shares in issue so I think that accounts for the admission of all of the recently announced warrants. The latest batch was to be released 'on or around 1 October 2025', so a little early maybe. These warrant numbers are fairly tiny though (