RE: RE: NEWs/ Update just out!Any comments...how will it effect the SP ???How many more shares will Anon sell ???
----------------------------------------------
It is typical for a CD company to abandon drilling holesfor whatever reason. Investors won’t be impressed if this kind of stupid drama is being repeated.
The ore grade of some 25% Fe is just the economic cut offgrade, some value there but not great.
No information on the depth of the Fe deposit.
No information on the total number of holes and the depth to bedrilled – so it is very difficult to evaluate the extent of the currentexploration work.
As a consequence, it is not surprising that the market ishesitating to respond to the NR.
CD’s companies need another round of pp in the nearfuture. He has to pump his companies to a higher pp price in order to raise money, regardless. If he fails to deliver any significant, good news before running out of cash, that's going to be a big problem. However, if that happens, please do not complain as that is the way he does business.
Shellfish