Antipa v Greatland Gold value for money, page-43

Yesterday's announcement failed to provide any drilling assays for the Q4 2020 drilling activities across all four land packages. The market and its shareholders hate to wait, even though AZY stated the results will be available in coming weeks. No reason was provided for the delay, apart from the obvious reason of Xmas New Year period, logistics delays from a remote area, people on annual leave, etc. Also the overall sharemarket was erratic with lithium battery stocks and US market's volatility increasing for a Friday profit taking period.

A general comment about the Antipa announcement is that it is difficult to read and interpret given the complexity of the JV arrangements. For people not routinely following the stock it can get confusing to read what is happening across the leases. A simple table indicating the status of each deposit by JV partner would make it clearer rather than reading it multiple times to get your head around the latest activities.

A future presentation on the outcomes of the 2020 drilling activities and discoveries will be a great story to tell the market. This will be when the shares get their re-rating above 5 cents and beyond.