@ozbucheron Since you addressed the post specifically to me, may I respectfully answer and this will close the matter.
Let*s us say that you phrase things quite well and therefore, it would need development synopsis to be able to provide a reasonable line of logical deduction? In a democratic society, one does not close lines of potential right of reply, hence, one CANNOT put out definitives but rather open to explanation.
In that cause, I have now heard from you via your right to reply TO explain your position.
May I also kindly explain that you DID NOT ADVOCATE SELLING AT 3.6c AS THIS IS THE CURRENT LIVE PRICE NOW @5 Aug 2021 but rather it was much higher when I noted your sentiment of SELL and position of NOT HELD.
AH HA! Ze PICTURE IS CLEAR NOW?
However, first of all, I have NO PROBLEM with the company answering your question/s if they chose to do so via Mr Biggs given that the MD said that he is not a Geo. So, the MD has given permission to Mr Biggs to answer - I did say Mr Biggs does NOT HAVE THE MANDATE to answer in his own right but has to DIFFER to the right person, in this case, the co CEO/Head. Per the Handbook, if say I were the CEO of a co and read your technical take , I would rather differ to the HANDBOOK rule and bring the matter to the attention of the NOMINATED ADVISOR. Only once cleared, then would I say, for example to provide a reply which must be viewed and passed by the Nominated Advisor. I have knowledge that at times, a Nominated Advisor is PRESENT at the AGM and Question & Answers thereafter. Again, it is so that the Nominated Advisor .... That*s the take from London. I take a conservative approach.
-------OZBUCHERON AS ABOVE:---------
"I MAY ADVOCATE SELLING AT 3.9C PER SHARE BUT AT 0.1C PER SHARE, I MAY BE A BUYER ERGO...I AM A POTENTIAL INVESTOR." VERBATIM QUOTE FROM THE HORSE*S MOUTH @5 Aug 2021.
At 3.9c, the market cap is around A$44m. At 1c, it is nearly 1/4 which means mkt cap of A$10m -all approximate in round terms only [calculate to the last decimal if one is interested]. In the London mkt, a mkt cap of $8-10m is a MKT CAP MORE REMINISCENT OF A S H E L L CO WITHOUT ANY DRILLING YET - prime example Alpala. Once drilling started, it LIFTS from SHELLL MKT CAP.
CASTILLO*S DRILLING AT QLD HAS BEEN DONE [1ST STAGE] AT BIG ONE, NOW IT IS STARTING ON STAGE 2. QUESTIONS ETC RAISED TO SUCH DETAIL IS S T I L L P R E S E N T WHETHER THE SHARE PRICE IS 3.9C OR EVEN 1C? SITU CANT CHANGE, DRILLING ALREADY DONE, RESULTS OUT ETC.
-----------------------NOT LOGICAL THAT NOT OK, SELL AT 3.9C WITH ATTENDANT
QUESTIONS ON SUCH TECHNICAL GEOLOGICAL POINTS BUT SUDDENLY AT 1C, ITS ALL OK WHEN NOTHING HAS CHANGED, GIVEN THE CO CANT UNDO THE DRILLING DONE/RESULTS.
DOES NOT APPEAR LOGICAL THAT AT 1C PER SHARE, CASTILLO BECOMES A BUY SUDDENLY? ----MAY ONE LOGICALLY CONCLUDE THAT IT WOULD APPEAR IN FACT, THAT IT WAS A BUY SAY A HOUSE FOR EXAMPLE BUT ONE ON INSPECTION SAYS, THE WALLS ARE A BIT NOT WELL PLASTERED AS FLAT, THE ROOF TILES ARE NOT VERY WELL ALIGNED,
THE GARDEN IS NOT IDEAL IN FRONT, THE **LES LOOK NOT RIGHT ETC. PRICE NEEDS TO COME DOWN. AT AUCTIONS, WE ARE ALL AWARE THAT IN MELBOURNE , ESP SYDNEY TOTAL WRECKS ARE GOING FOR MILLIONS ON A TAKE IT OR LEAVE IT NOTE AS OTHERS ARE IN LINE?
Sorry for the caps. Its late and I need to rush so no time to correct typo*s and change caps down etc.
Goodnight. CAVEAT: My post is caveated with "IT APPEARS." Still open as that is LOGICAL DEDUCTION & PERCEPTION?
(20min delay)