doctorj
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We can expect an update on Brockman tomorrow now either way. I wonder if their lab work has come in yet...
JMS - Jupiter Mines
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Why do you expect them today?
If they don't have the results then they may not update us for another week or two -> I am just uncertain why you stated an expection of updates for Brockman today?
doctorj
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They have to lodge a quarterly activities update today - one way or another they'll have an update on Brockman in there. Either preliminary results or a note that the lab work is still outstanding.
Interestingly enough, a gap is forming.
18c bid and 21c offer.
That could be read either way: (buyers are gone or sellers are disappearing).
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Not many people willing to sell this puppy sub .20 IMO ... with Brockman results just around corner .. I think price will slowly increase over coming week.
Can anyone tell me if it is considered to be strange that they released financials but not the activitys at the same time?
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26 buyers for 1,995,059 units 42 sellers for 1,381,176 units Buyers outnumber the sellers which is always a good thing. Average parcel size is higher on the buy side also.
Ive seen it happen plenty of times with plenty of different companies. Means nothing.
It seems everyone here is anticipating the quarter report. I'd laugh (or cry) if the only comment they have about brockman is, "results pending".
doctorj
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The activities report requires a lot more work than a cashflow, particularly if there is new information to be included that may need to be reviewed by an independent geo. Also, directors may disagree with the wording etc etc.
Shouldn't be long now... I don't suppose their any more keen to stay past 6 than the rest of us.
doctorj
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If they don't release it before the market opens tomorrow, they will be suspended from trading by the ASX until such time as they do.
doctorj
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Quarterly report out - I'm still it reading but it seems the Brockman assay results are still outstanding.
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Yes it does mention that the results are still to come on the first page.
Hopefully we get some good results in the coming weeks.
cheers
Hopefully we get some good results in the coming weeks.
cheers
Sold down on announcement...
I don't like the look of the brockman drilling plan..... With the holes becoming of less depth as they went on. Could indicate not worth drilling further?
I'm hoping I am wrong, does anyone know if they would be able to tell by looking at the drill samples if it was worth drilling further?
Just seems strange.
I don't like the look of the brockman drilling plan..... With the holes becoming of less depth as they went on. Could indicate not worth drilling further?
I'm hoping I am wrong, does anyone know if they would be able to tell by looking at the drill samples if it was worth drilling further?
Just seems strange.
Im guessing no one knows anything, if no results have come through yet. Most likely including JMS.
But im pretty sure JMS said in their previous AGM they commenced a 3000m program at brockman, and in this quater report they announced it was only 990m.
But im pretty sure JMS said in their previous AGM they commenced a 3000m program at brockman, and in this quater report they announced it was only 990m.
Bull121,
Yes minerilisaton is easy seen while drilling(for example, POL have reported 80-90m haemtite-geothite minerilisation interecepts recently, and assays are pending), judging by the drilling program and progressivekly shallow holes, suggests these holes have not shown up an minerilisation. I wouldn't hold your breath for results, more likely the company will report results of no significant minerilisation intercepts, and hence maybe only couple of assays will be reported.
Remember the drilling took 2 weeks and started in November, they would have known throughout the program if any intercepts were being made.
The fact that Talbot sold off 5million shares in late November tells a story IMHO.
cheers.
Yes minerilisaton is easy seen while drilling(for example, POL have reported 80-90m haemtite-geothite minerilisation interecepts recently, and assays are pending), judging by the drilling program and progressivekly shallow holes, suggests these holes have not shown up an minerilisation. I wouldn't hold your breath for results, more likely the company will report results of no significant minerilisation intercepts, and hence maybe only couple of assays will be reported.
Remember the drilling took 2 weeks and started in November, they would have known throughout the program if any intercepts were being made.
The fact that Talbot sold off 5million shares in late November tells a story IMHO.
cheers.
prawn_86
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I actually think something very dodgy is going on here.
Drilling starts November, Talbot sells, results get help up.
I think that the results have been deliberately held up so as to not show (as much) insider trading, or at least enough for ASIC to not bother (as if they ever do anyway)
I think you are right prawn.
If I were a share holder (I have never been and wont ever be), I would have been phoning the company and asking why the hell talbot sold off at the same time the drilling finished.
I'd also ask why the delays in getting assays back, plenty of other companies are getting assays returned within 6weeks.
Also, you'll note the recent "rock chip sampling" announcement was sold into heavily, hit about 30cents from memory and sold into hard on volume. Another chance for "insiders" to get out perhaps.
Also, you'll note the days when talbot was selling back in November the price was spiking (for apparent reason), perhaps a little bit of "churn" help get a few traders onboard while talbot steadily sold off at higher prices.
The remaining shares held by talbot are now probably free carried, as the 5million or so were sold around 30cents, so although it looks ok as he still holds 4million shares, they really dont owe anything, and may well just be there to make it all look less "dodgy".
I also remember some sort of spiff to get talbot off the board?
I feel sorry for some of the punters that have been hanging around, strung along by the company, waiting for the assays.
All the while many signs have been suggesting they may well be duds.
Anyway, all just IMHO offcourse!
Hopefully the yilgarn projects are winners, for the shareholders sakes.
cheers.
If I were a share holder (I have never been and wont ever be), I would have been phoning the company and asking why the hell talbot sold off at the same time the drilling finished.
I'd also ask why the delays in getting assays back, plenty of other companies are getting assays returned within 6weeks.
Also, you'll note the recent "rock chip sampling" announcement was sold into heavily, hit about 30cents from memory and sold into hard on volume. Another chance for "insiders" to get out perhaps.
Also, you'll note the days when talbot was selling back in November the price was spiking (for apparent reason), perhaps a little bit of "churn" help get a few traders onboard while talbot steadily sold off at higher prices.
The remaining shares held by talbot are now probably free carried, as the 5million or so were sold around 30cents, so although it looks ok as he still holds 4million shares, they really dont owe anything, and may well just be there to make it all look less "dodgy".
I also remember some sort of spiff to get talbot off the board?
I feel sorry for some of the punters that have been hanging around, strung along by the company, waiting for the assays.
All the while many signs have been suggesting they may well be duds.
Anyway, all just IMHO offcourse!
Hopefully the yilgarn projects are winners, for the shareholders sakes.
cheers.
