first they extended the drilling as if they made world class discovery and wanted to confirm it in order to avoid speculations.. They also told the market comprehensive report will be released with all results - I was not fan of that but I also saw merit in it.
Then TH request so management can build this report and ensure it makes sense and is released in timely manner. I expected report to be released after market closes or at least 1 hour before it opens so investors can have some time to read and digest. If they could not finish the report on time then request extension of TH and finish your report properly instead of rushing it and then release it after market closes. Gives people ample time to study all results and evaluate where they stand.
And what happened? Report gets released after market opened so no one has time to read it properly. And this is not comprehensive and clear report. 9 year old could have written better one. A word salad. I tried to make sense out of it in the first 5min but I knew it was too big to nail it properly so gave up and sold.
Later on I read it and concluded it is not bad but not great either. Considering how management handled this announcement I decided to stay away from this mob.
Still keep an eye as Lamil may turn to be something really big so it's worth monitoring as it will be goo trade - but I will not consider investing.
Yes, there are plenty here that can only read the bold lines of each report and only pay attention on high grades that always get pushed into the front of the news but there are some investors that want to actually understand where the whole project stands and if current drilling made significant progress towards defining meaningful resource.
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