LOT 0.00% 26.0¢ lotus resources limited

80m of 0.77% Cobalt, page-45

  1. 47 Posts.
    The more I read this the more I am thinking this is a massive pump and dump. The heavy reliance on the original assays and then trying to discount the re-assays smells bad. That is why geologists re-assay in the first place. They get results that appear unbelievable so they go back and check. They got unbelievable assay results, so they checked. Results came back confirming no mineralization. I note that the geologist who did that work, A Drummond, is on the board of TNT Mines (along with Professor Ian Plimer). I doubt someone of his caliber mis-sampled the re-assays. Someone should call him and ask!

    I also note there is not one mention of the re-assays returning zero cobalt or gold - why? Neither is the table with the re-assays referred to in the ASX release or the JORC table. Again, why? This style of reporting seems like it is trying to mislead. As I have said before in previous posts on other stocks, it is what they don't say that is the most revealing.
 
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