no, they did it to get a buyin done , gives them more time cause they don't want those results out before they tie it all up, course that could happen at any moment.
Dan Keeney could neither confirm or deny that any extension of the Phase 2 decison was given. So that remains in the rumor category especially since the person spreading that rumor has disappeared.
Committing to the next phase of drilling could cost tens if not hundreds of million$, I don't think, even the "Big boys", will take it lightly.
With that said, yes, I agree would mean the prospects are good enough to go on and even without giving an accurate estimate, the market will take that as good news. IMO.
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