Hey dawgfighter, Cloud 9 extended drilling was completed in July/August with promised results at the end of the September Q. We are now approaching mid November and there is no mention of results nor of the holdup. When I emailed LRS I was told "Thank you for your email. The company will make any update or material announcements under full disclosure listing rules to the ASX, so all shareholders are fully informed."
ADN drill times where similar with report to be promised early December Q. When I emailed ADN and asked similar, I was given a real explanation that DFS had taken the forefront of the teams agenda and that assays would have to wait. Nothing was given away but a real explanation was very appreciated. And obviously now, the MEP takeover was on the table and would have been the teams full attention with the DFS understandably pushed back until January. Exciting times.
Similarly I asked GSN in regards to elaborating on if there would be anymore drill results before the end of the year. I was phoned by the MD and he explained about the booking of drill rigs and that all exploration companies suffer the same time delays when rigs are booked and unforeseen problems arise with a drill such as mechanical problems on a previous contract that creates delays and so the companies are governed by that. So again, nothing given away but certainly an explanation so that I, as an investor, better understand the process.
I will be staying long term with ADN and GSN because I believe in their teams directions and transparency. LRS, to me, seem to be somewhat less caring about their investors.
LRS General Discussion, page-3359
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