Ann: Drilling of New Targets at Mt Alexander, page-110

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16/09/21

09:37

Post #: 56105363
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Originally posted by ozblue ↑

Lots of bitterness coming out from a few posters, that don't want anything negative posted at all, yet same posters give the hype posts of this is going to the moon (based on nothing), a 'like' all the time.

We all get into this end of the market to make money. Preserving capital is the name of the game, so when things don't work out as planned, exiting and moving on seems to be what works best.

Plenty of these juniors get a sniff, but eventually go bust or dilute early shareholders out of existence. Only a few, something like less than 5% go on to find something worthwhile or major, that turns a penny dreadful into a mining company.

They have been searching this area for 5.5 years and spent many millions drilling hundreds of holes. They have proved the area to hold a lot of small pods or veins of nickel mineralization along an ultramafic zone that goes along strike for kms and deep down dip hundreds of metres, but nothing economic.

Do holders really think they left the best areas to search in for over 5 years??
That no-one from the company bothered to do a full check of most likely locations for mineralization when they first searched at Mt Alexander??
When JP owned over 10% of the company he looked in the least likely locations first?
They didn't bother using seismic surveys until JP was diluted down to 5% because he wanted to spread the wealth??
Do those points seem logical?? Not to me they don't!!

The most likely scenario is that they keep finding small pods of mineralization spread across the whole area, only deeper now, with none of it being economic, just like all the past drilling..

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pick up your lolly wipe it off and move your now becoming dull and boring

SGQ Price at posting: 7.9¢ Sentiment: Hold Disclosure: Held
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