OK, I am really pi$$ed off but this is the part I don't get...
The announcement stated:
"A total of 19 RC holes have been drilled to date with a further 5 holes planned. This is a doubling of the initial Mahenge drilling campaign."
At what point in the drilling of those 19 holes did they determine that consistent low grade graphite mineralisation was something to contend with? Should we have been updated earlier that there was a potential issue? I don't know...
The ONLY glimmer of hope here is that the main focal points of the drill campaign are the Ndololo Eastern and Central zones and the current results are only from a very small area of the total project.
I have lost so much I am going to hold in the hope that the next anns are positive. It is easy to overreact - and maybe that is the right course of action to this announcement - but I still have some hope.
ann out, page-12
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