Ann: Drilling Completed at Camel Creek, page-57

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Smoking

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27/08/21

09:55

Post #: 55616193
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Originally posted by nro: ↑

Hey Smoking. Ive noticed youre the first to jump on anything positive but the material used to counter is often flawed.

A CR may arise. But given the company did so in May at 1 cent and the spending rate ($700-$1.3mill) is under cash held. I suspect they will make near years end with what they have. Further that CR not only held the sp but just the first insight into Camel Creek doubled it. The history versus return looks pretty sound.

11 granted leases looking equally positive as Camel Creek and we have seen whats found in the last quarter...
They have tested half of Camels 3km pit and all have come up with with significant intersections pleasing to the market as we know They have only drilled to 200m and its open and the deeper they drill the richer mineralization they are getting. Last drill splits look good and following up the contour vectors are targeted this time around.
So resource expansion doesnt look unlikely to me at all
184,000 ounces and counting with maybe only a further 70,000 needed. All with fairly good high grade concentrate. Nice hosted sedimentary close to Fostervilles quartz hosted metallogenic signature where they found 800,000 tones at 500m depth. GNM arent even close to that depth. We will hopefully see such insights soon.
So "a CR is coming" (one day).certainly Isnt going to be spooking me.

"instead maybe a more prudent option would have been to go into aTrading Halt for 3 weeks"
Seriously?
16 cents was late May/June. Thats almost 3 months ago. Not 3 weeks.
Personally, as a shareholder. Id find that particularly annoying and would probably sell just due to that demonstration of management ignorance toward shareholders needs locking their funds. Theyd just scold their own on market investment interest imo

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Pretty sure you have mis-read my posts.

I was stating that it would have been more prudent to raise money during the 3 week period the shareprice was north of 1.6c - 1.7c.

Your comments are all based on the hope that the most recent drilling was successful......if not we are certainly looking at a CR sub 1c.

'Might pay for you to slow down and read posts more carefully rather than going on the attack of someone who has a contrary viewpoint.

GNM Price at posting: 0.9¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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Ann: Drilling Completed at Camel Creek, page-57

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Ann: Drilling Completed at Camel Creek, page-57

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