Ann: Trading Halt, page-157

You people need to stop telling lies about what I said all them years ago ,has happened a lot here over the years by many posters that are no longer here.
I said the in ground value of all the source pipes combined at Lulo may be worth 100 billion ,not market cap.
I actually still believe that value ,the only problem is that the diamonds are buried deep within most likely dozens of low grade pipes that may still be economical but to expensive to bulk sample due to the depth that would be needed to sample at ,and huge volume also would be needed to be sampled to get a idea of grade and viability.
Then there is the fact that diamonds were found at L251 ,but the company wont spend the millions needed to deeply bulk sample the pipe ,and that is the same for a few other pipes.
The whole site is riddled with larger in size than normal mineral indicators with older pipes buried by later pipe eruptions ,it is the older pipe eruptions that created the type 2a diamond.
The company is exploring all over the place like a headless chook ,rather than just concentrate on a known pipe of potential like L251.
It is clear to me that the honey pot is L259 and that the pipe was heavily eroded suppling many of the down river diamonds then deeply buried by millions of years of other pipe eruptions ,I think that the company suspects this to be the case but has put L259 into the to hard basket due to the tens of millions that would be needed to be spent to better explore the pipe ,that may just be a waist of money when the mine set up cost could make it unviable.
No point having 100 billion of in ground value if the cost to mine it is more than that.
I just think that Lulo is full of many Mothae type pipes ,but diluted with material from latter eruptions.
I don't trust this managements decisions in regards to Lulo ,they need to stop wasting money and go back and do major bulk sampling of different sections of L251 and have a fresh look at L259.
I sold out because I believe management has handled Lulo badly in regards to Kimberlie exploration with a lack of sampling ,I also don't agree with where some of the money has been spent in the past.