HLX 20.0% 0.3¢ helix resources limited

Ann: Drilling underway at flagship Collerina project, page-19

  1. 538 Posts.
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    koozy you say "we are expecting drill results towards the end of 2020" - good one, but will that include when assays are reported? (Just a rhetorical question, mate - letting off steam - see following...)

    I'll never forget when the CORCDD90 hole was reported on 13 June 2018, essentially as "Assays Pending" accompanied by a photo of the stunning 17.8% Cu massive sulphide section. I didn't know how much of it there was and, with a fellow shareholder and us both being optimists, admit to getting all hot and bothered in the context of the rest of that 13 June report, thinking it was indicative of a wider, really significant intersection.

    However, when it was finally reported, 5 weeks later on 18 July 2018 after apparently being in the assay labs all that while, it turned out to be just 0.85m at 17.8% as part of a section of 3.5m at 4.7% Cu. That implied that the remaining 2.65m of that 3.5m section must have been only around 0.5% Cu. We both felt rather foolish, to say the least.

    If someone is looking for improvement areas within Helix to regain investor confidence (think more buying and less selling) they can add reporting to an ample basket of low-hanging fruit.
 
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