re: Ann: Anglo American Farms-In to Trenggale...
Hi Fancypants, As you can see they are not in any hurry to respond to emails.I am surprised you have no answer from them seeing you have a good relationship with them. You can understand my attitude and why I am so critical. Even a response would be polite at least, even if they did not answer your questions.
There is no doubt that the SP will run this year if they are given the chance to drill Trenggaleck. Not sure that that will happen in the near future with ANGLO involved as they are not too popular in ASIA due to there record of Polluting the Rivers.
As I have stated before my dealings with this company have been a waist of time as their standard reply is any news will be announced to the ASX or in a monthly report. They will not confirm anything you ask about type of work being carried out and the position with the Government. Another excuse is that they don`t wish for outside parties who may not want exploration to proceed will cause trouble via further attacks on plant and equipment or hinder sensitive discussions with Government if there is any.
I am also annoyed that these Directors continue to accept fees for their services and drain much needed capital when they have achieved so very little in the last FIVE years but more so in the last two years. If they said they would delay receiving a pay cheque until the company had commenced some serious drilling you would not mind as much.
Finally I think their current attitude could indicate there is something good to be announced but the lack of activity in the SP indicates very little. At this SP if good news is around the corner I would think some one out there would be taking .006.
As stated before I agree with the other poster who said why did the last announcement not interest the market.
Happy Days ..........
ARX Price at posting:
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