RE:RE:RE:so what is happening here IMT raised money at 10 cents when the share was trading around 10 cents. It would/should be much easier to raise on 10 cents when the share is trading double. Apparently that is not the case for EQT.
IMT did do work.
They drilled and reported one hole. They hit the expected structures and they hit the expected minerals and a few extras like platinum!
They did a down hole probe on that hole. They got the report back but the report contained data from another project, not IMT;s.
They drilled a second hole. The results were sent to lab
They did a down hole probe on hole number 2 in July after waiting far too long for teh first company to get the results back and start the second probe.
The "new" company has results from both probes and are compiling the data. It has gone back for additional clairification.
The drill results had been held at the lab pending the down hold probe results so that it can all be released at the same time. The company is probably in recipt of the drill results now. I am expecting news next week.
I am expecting hole number 2 to show results like the first hole but I am expecting the down hole probes ot show the proximity of anomalies that need drill testing. The anomalies from the probe will be more accurate than those from the surface.
With luck, the second hold hit strong minerlisation andthe stock will fly higher. But I am not going to bet the farm just yet.
Caritas3 wrote: If memory serves me well...DH...your illustrious IMT had a lot of difficulty taking months to do a PP of approximately $300,000! Also, IMT did exploratory work back in the late spring/early summer...and still have not reported all their findings!!