Geffa9, i will just use this topic because you posed the same question I was thinking about.
Does it make sense that directors have large amount of shares and sway with the top 20 to vote for these unjustified rewards for a rather large balls up?
In my opinion it feels like the Paris deposit was played out with wording that always suggested a more positive result compared to our Maiden JORC. I know this is all about marketing and casting a pretty lure to the fish share holder.
But IMO it is not like this company was up all night before announcing the resource like some student on their pressing assignment deadline (and it was still late). The Paris talk-up kept coming, pretty impressive grades but there is no way these people didn't have an idea months beforehand.
When the SP was ~19c (2013) why did Alexander all of a sudden become the best thing about this company? and after the disappointing first pass drilling it killed the SP which was all about Paris for so long. Alex&Hector, to me, as someone who knows a little about rocks, whats the go with these soils anomalies?
The soil geochemistry represents what is underneath, that's why this technique and analysis is used in exploration. Alexander and Hector have either a very weird horizontal displacements or maybe not enough ground work, structural measurements, hypothesis and thought has been placed on the drilling (ore bodies can have dip directions yeah?) and it cannot be that different to Paris.
I really want to understand what 6 Geologist have been doing out there? Complex Geology is it (all F'ing Geology is complex)? If 6 Geo's can't seem to string it together, get new ones! or a research project onto it! I would rather see money being spent on that than 1-3 drill holes.
Over the year I have held this stock, always anticipating more of the most amazing silver grades, I feel I have been duped. Maybe the grade cut-off for now is a safe guard which will only improve. But, these people should have been held accountable for the SP reduction, mismanaged news flow i.e. This guy Finn was it? hired at the start of the year, what did he do this year? except maybe the new presentation greek format?
Yeah you need to design more cost effective drilling programs, and maybe if you do not have the "World Class" silver deposit you should cut back on staff! How big are these people salaries, and what are their rosters, where do they fly home on the corporate account? this is bollacks!!!
Of course they are buying, look how cheap it is!
To be fair, it is a hard game and some impressive worked has been done. I just don't believe they are sorry at all! Rant nearly over, and I understand most of this has been talked over the last couple of months, but I had to get it off my chest. This is a good forum and I respect a lot of the regulars for their research and ideas, it is a dam shame the way this has gone!
P.S. Goldy what is your excitement with Roundabout? Is it IOCG or Porphyry? Not too many impressive Porphyries in Australia from my knowledge. and Geffa9 dont forget the question I asked straight cheers.
Disclaimer: IMO there is still great potential here, but don't listen and hold gospel to my opinions or rants DYOR, I could be totally wrong about this situation.
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