When management are incapable of delivering drill results to the market, there is clearly a problem.
They have completely taken their eye of the ball with this stock. Close to zero activity in 2 years since announcing the maiden jorc. Their spectacular failure in managing to announce the results of 3 drill holes in Late 2024 is the final nail in the coffin for me.
Perhaps the .4 g/t cut off in the Jorc is the problem? A 518k ounce gold deposit should have been snapped up within 2 years if it was a quality project. The lack of urgency, lacklustre performance from management i think reveals they have no real belief here.
Look back at the old Hotcopper threads on the date of the Jorc announcement - posters way back then were not that enthused with the result.
If it trades like a dog, behaves like a dog, management treat it like a dog - chances are - it is a dog.
BMG Price at posting:
0.9¢ Sentiment: None Disclosure: Held
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