LRS General Discussion, page-12765

After being far too bullish on the east tenement previously, I’ve learned a good lesson which goes something like this:

I was right in the sense I identified there was a transaction being negotiated on the east tenement.

I was wrong because I made an unjustified assumption that we were the party negotiating the transaction (when it was actually Lithium Ionic).

When I apply this thinking to the Slipstream tenements, my current thinking is that I think it’s more likely than not that someone is negotiating for Slipstreams tenements. This is on the basis that:

- Public documents showing Slipstream appears to have been in administration for at least a year
- No recorded processes on slipstream tenements between 2021 and last week (when suddenly a whole stack appeared)
- A rig appeared on the July 2nd sentinel image in Slipstreams 830659 tenement only 5-600m from Fogs Block. Given we announced our fogs block results on June 28th, this timing is highly coincidental.

But none of this means that we are the party negotiating. Maybe Lithium Ionic are doing there doing their usual trick of trying to take tenements adjoining new discoveries?
Theres also a number of new junior explorers in the valley trying to make a name for themselves.

If I was to state the most positive piece of info that I’m aware of - it’s probably the rig which appeared on the July 2nd sentinel only 5-600m from Fogs Block. Highly coincidental timing and gives the impression we may be doing some DD on the adjacent tenement.

I highly doubt that another explorer (e.g. Ionic) could catch wind of our ANN on June 28th and be able to organise a rig in the space of 4-5 days.

But given my poor assumptions on the east tenement I’m hesitant to believe anything until i see it confirmed in an ANN.