Quite a horrid day for Dundas today.

Drill results at Central did not yield any significant mineralisation

With exception of the Nova Nickel deposit owned by IGO and Tropicana gold deposit (part owned by RRL), seems that the Albany Fraser Oregon is living up to its reputation as a black hole for exploration funds.

Fortunately I did not put in any buy order.

Price looks "interesting" here.

For what it's worth i think Alkane Boda deposit is enclosed within a pyrite shell. But I am no geologist!

Bought in strawman for fun and also thinking of taking a watch position again.

Story getting interesting

In trading halt for capital raising. Indications are it could be around 40c according to HC.

Would like to add if they were so confident about assays, they would do the "express" route like what Carnaby resources did for their results early this year. Instead they are going to wait a month or more for results to come back.

Still have on my watchlist due to their 1200 sq km tenement package in the Fraser Oregon.

FYI: I hold Carnaby.

Bad day for Dundas.

Assay results done on the samples from the bore hole back in late September returned lower results than the pXRF readings.

I've exited the watch position for now to preserve capital from when the price broke out in the morning..And I'm unsure of what mineralised system they are targeting after checking the photos of drill cores from the last announcement.

Again another warning not to buy anything based on pXRF readings unless absolutely sure.

Will maintain a watch, but not with capital.

With the huge run since the announcement of finding massive sulphides mixed with fools gold pyrites while the crew was looking for water to drink/bath, I believe this is hugely overvalued.

Or someone knows more than I do..

The huge buyers who think there is something here is taking a big risk in my opinion. This could be another CBE where they pumped on visuals and got dumped after assay results.

Only watch position so far. My basis of the watch position is their tenement, cash position and the large amount of insider ownership which seems high compared to other stocks I've seen.

[Held]

Today's results as explained by Dundas

Lots of details about XRF analysis which might be interesting for those holding XRF scientific

I only have a watch position which is a small amount of money I'm willing to lose.

My only concern/red flag is the pyrite "fools gold" mixed within the samples.

[H]