EXR 6.67% 9.8¢ elixir energy limited

Ann: Operations Update, page-107

  1. 532 Posts.
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    It has nothing to do with that. The constant "relentless" claims and claims of drilling "30 wells" is falling on deaf ears because we are half way through the year and yet the company has barely completed 3-4 holes. Over promising and under-delivering. In addition, there was no detailed information on West Yangir-1 core hole. And the new drilling team has already encountered mechanical issues. It's not giving me any confidence that the plan can be executed on time. These are the facts are they not? Pretty simple

    So in summary, we are coming off a discounted cap raise, two dusters, one core hole with 50m coal hit and a mechanical issue. I'm surprised the price appreciated to be fair. The lack luster news outweighs the positive news one would think.

    Anyway, weren't we supposed to be 50c - $1 as at Dec 2020??? Welcome to exploration, where nothing goes to plan!

    Keep it real and you wont be disappointed.

 
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