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lsr update

  1. 42 Posts.
    This is to clear up the other LSR discussion about dates of Pattos roadshow and drilling commencement.

    I just had a friendly chat to the LSR secretary (David), the following summarises our conversation:
    -As stated in the activities update they do have native title access approval, so they are allowed on the land, no problems
    - The only step left before drilling is heritage clearance (making sure no old burial grounds, bones etc) Which is pending.
    - November 23rd is when LSR are flying aboriginal anthropologists (they perform the heritage clearance) to their acreage to assess the 15 holes planned to be drilled.
    -As soon as heritage clearance is received, drilling will proceed and Patersons will commence the roadshow.

    So that is the timeline (it is pretty routine), the SP IMO will have weakness until the roadshow and how much weakness will depend on the amount of profit SIs want to make on their placement.
 
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