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Ann: $10M raising for multi-rig drilling and to extinguish debt, page-163

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mickvp25

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18/09/20

02:24

Post #: 47435060
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Originally posted by CuMan: ↑

Hello Everyone,

I'm coming back to the Hole 9 topic. I made a few phone calls and did some more digging, and I think the wording in the latest announcement re. Hole 9 has been deliberately held back and was put in to simply "cleanse the market".

In conclusion, my view as of today is that Hole 9 results may in fact be very good indeed, but for various reasons we are being kept in the dark for the time being. No idea why LCL management want to keep a lid on the share price. Feel free to call and ask them?!

Having said the above, at the end of the day a geologist staring at the drill core cannot tell you that there is 5 g/t or 10g/t or 50 g/t Au over 200m in the drill core (unless there is visible gold) and has to wait for the assay results to come back from the lab. So it's all a lot of guess work / arm waving at this time and nobody actually knows.

On this basis, and as a betting man, I'm inclined to take the view that Hole 9 results will be GOOD.

A bold call, but that's my call. We'll find out if I'm right in 2/3 weeks.

GLTA.

Expand

We'll possibly have hole 10 visuals by then too The wording of strong pottassic alteration with porphyry mineralization proximal to hydrothermal core certainly has my mind wondering!!!

Would you mind sharing the details of what you've heard more specifically?

Last edited by mickvp25: 18/09/20

LCL Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
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