RE: 8th Aug - 10p4 Aug 2017 09:38
The drop happened yesterday, so when the shares hit the market is inconsequential.
Not sure it's uncommercial though, do you know how much gold is actually there in Sanama Hill then? They've not yet defined the remaining targets, so no-one knows how much is there globally in the license area to confirm overall commercialisation or not.
I don't think they're in any financing option such as Darwin, and so far there's been no issue raising capital.
There will be no further drilling this rainy season which ends around November. But I suspect that there won't be any more until 2018 as RM said that their focus will be to get a maiden resource jorc for Sanama Hill by end of 2017. If they can get that, then it will give an asset of value which should actually take the sp up.
Anyway, there's another 11 core results to come first.