I’ve spoken about L14 and L15 on many occasions over the years, and I was more than happy to see that those two targets haven’t been excluded as potential source kimberlites.
L14
https://hotcopper.com.au/threads/an...5991676/page-10?post_id=52262101#.YoH7M6R_WaML15
https://hotcopper.com.au/threads/an...3380337/page-25?post_id=24264351#.YoH2nqR_WaMThere is so much information in Map 1 of the quarterly, I could write a 1,000 page book and still not cover everything!
I do urge everyone to carefully read through the last quarterly activities report, because it does contain a lot more information than an image of kimberlite targets.
With the completion of the stand-alone kimberlite bulk sampling plant just around the corner, this should be a game changer. The long delays for testing kimberlite material will be a thing of the past.
PLEASE don’t underestimate the transformation!!!
I appreciate that ppl here have been complaining about the lack of communication from our board. This concern has been exacerbated by the fact that the listed options are close to expiry.
I’m sure that a number of us increased our holding in the listed options on the pretext that the additional $14m from SML would be received well before the options expired. We were also ‘gambling’ on the commissioning of the stand-alone kimberlite processing plant.
Neither of those two ‘triggers’ have occurred, and then there’s the Russian/ Ukrainian war which we didn’t see coming.
At the end of the day, we only have ourselves to blame for purchasing the listed options. Potential high rewards but it comes with high risks!
Btw, I don’t think that our next loan repayment from SML is too far away.
Cheers to all and happy trading.
