EIO 3.57% 29.0¢ energio limited

Ann: Market Update - Completion of Initial Geophy, page-9

  1. 3,413 Posts.
    re: Ann: Market Update - Completion of Initia... 29101971,

    I'm not sure you'd really want the truth from someone with a geological background - "you can't handle the truth" - a few good men! LOL

    Seriously though these guys at EIO are slick! That is one hell of a geophysical program they had done. Looking at the imagery it was about as useful as an ashtray on a motorcycle, I mean seriously!

    My query is this, if the company already have information affirming the existence of what the survey has confirmed then why do it in the first place?

    Secondly, why then carry out field sampling? Wouldn't it indeed be a complete waste of resources? I mean the information "already in possession of the company" was satisfactory it seems to promote the project intially yet it's unsuitable to identify that the resource exists.

    If what the company have in the way of survey imagery is precisely the same as that released to market today, then I'd be keenly interested to know how they've determined from that the "primary targets".

    IMHO this is all moving waaayyy too fast and waaaayyy too smoothly for my liking.

    As the doc says; "we can all make money on this" but only if you time things just right IMO.

    This thing stinks to high heaven!!!!

    WC8
 
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