Ann: Company Update, page-72

Upfront. So why didnt they drill the 3rd hole then? I'd be pretty sure they knew at that time it was a bust and is probably why they went and found a Cobalt project to soften the blow, which is now looking like it is probably a bust too. Looking at the sell down over the last couple months in hindsight it was pretty obvious someone knew what was going on which means a leak or a dodgy by someone holding a large amount. This doesn't give me any faith in management whatsoever.