It's the pace at which the project is progressing.
Drilling on Rattlesnake was expected to start early in the new year. Apparently early in the new year is April. Very annoying, with no explanation as to why we have a delay. There is a rig on site, so if it hasn't been drilling rattlesnake, what is it doing? Everyone has been eagerly anticipating this next exploration target.
The RUI interview suggested we weren't going any deeper, even though the deepest hole is the best hole yet. Revealed in the RUI but shareholders were never told this.
Permitting now takes 2 years. Previously 18 months, 6 months ago. Again, this is news.
Production now 4 years. Again, this is news. Previously 3 years.
The way I see it now, it is being set up for takeover.
That's why the market reacted the way it has.
Very annoying Mike. Lift your game and communicate to those who have held strong through all the ups and downs.
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