Clue to drilling results?

A mate of mine who is also on SEG send the following comments in relation to the shareholders report which is interesting:

Have a look at the stage gate process from the shareholders report. (Page 5) These blokes bang on about their almost religious adherence to the stage gate exploration. The interesting thing is the orange box in section 5. It essentially asks whether the bedrock anomalies from the AC drilling coincide with the EM conductors. If yes, they move on to RC or diamond holes. Now, we’re currently waiting for the assay results from the AC drilling. These blokes have a reputation for not jumping the gun and being very careful of the information that they release to the market is bang on. Other explorers release handheld RIF assay analysis from the core as it comes up. That would have happened here but not released to the market.

Given that SEG have proceeded to diamond and rc drilling, you can only assume that the handheld results were likely to be cherry ripe and were greater than the threshold set out in the orange box. Given that the blokes doing that RIF analysis also threw in 100 grand of their own cash at 0.0125, that supports that view.

All of that means the assays that should be released this week will be crackers.

If that’s not the case, then the board of SEG has deviated from the process it told shareholders which may upset a few shareholders.

Of course, I could be speaking absolute garbage and we’re all going to do our coin.