Placed a call to the company to ask about the assays and looks like they get prepped in Colombia but then sent to Peru for the lab analysis. This is where the hold up is as Peru is in all sorts of mess at the moment, hence the delays.
As for the rigs, all should be up and running in the next few (2 to 3) weeks, so activity is ongoing. Sit back and enjoy the show is exactly the right approach here.
Lots of my commodities plays are seeing huge delays in terms of lab times, rig availability etc so timelines being pushed out. Anyone would think we were in a mining boom.
Lots to like here and nothing has changed in the story, just people's expectations it seems. Off to get my pop corn.
LCL Price at posting:
13.8¢ Sentiment: Buy Disclosure: Held
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