Hi Bella,
FYI - I shook my head a lot, I laughed and said quite a few what the "hecks" to myself while reading your post.
Peter has been excited about not just Lady Ilse and Boda North but about the whole Wellington project and the 20+ targets since day 1 or even before day 1 and hence why he loaded up on market and joined MAG after he saw all his 10+ years of work/knowledge come to fruition at ALK/Boda next door and using his knowledge he knew what's on MAG's grounds - I think I said a while ago; "he's excited like a kid in a chocolate shop (Peter with all the targets at MAG's Wellington North project).
Read the announcements and watch the presentations: he is excited about the whole project and so many targets and of course he'd like to go at 4-5+ them at once but as he has said many times, they are ranking them into the best ones and going for the best few first (plural).
They have come up with; Lady Ilse #1, Boda North seems to have gone to #2 (Boda South and Rose Hill might be #3 and #4, going off announcements/presentations).
If they have 2 or 3 or 4 potential Boda or Cadias (which Peter thinks they do); you're telling me that you would like them to explore/drill one for months and months before they move onto the next one and see what's there, and the next one on top of that? Really?
You'd rather have one rig only? Really?
And then when there's one announcement every two months because of one rig, everyone complains that there's no news.
If I had it my way I'd have two rigs at Lady Ilse, 1 rig at Boda North, 1 rig at Boda South and 1 rig at Rose Hill.
At the same time I'd have 3-4 rigs at the Myall project proving up another Norhtparkes.
And at the same time at the Parkes project I'd have 2-3 rigs proving up that next Tomingley.
But of course that's probably the other extreme, but for me, and I thought everyone, the more work and quicker the better?!
I mean, you're saying yourself that the drilling is too slow for your liking, but at the same time you're complaining about having two rigs.
And you want them to tell you how they feel?
And you're saying it's their fault that there was a lot of unexpected rainfall that slowed the drilling down?
"I would like a tier 1 management to anticipate any delay due to ground condition rather than keep on pushing things back. A statement of "assays are expected in July to August depending on drilling condition" is better for me"
Are you serious? lol. You would be ok if they said that results will be released sometime in a two-month period?
One of the more "interesting" posts I've read in a long time.
Either way, good I guess to see what's on other people's minds, I think!
Each to their own but I would suggest that everyone reads the announcements and what's in them and not try and create things that are not there, or try and be smarter/better than the guy who is the best at what he's doing (Peter), IMO, DYOR, etc.
For those not happy - you can always sell out and sleep easier at night and hopefully find somewhere better to park your money - for me, as I've said probably a million times now; it's a buy and hold and let them make that big discovery or two (which is the same as what the Management and most other non-Hotcopper holders are doing).
IMO, Management have done everything right, are some of the best out there (and MAG is lucky to have them), as are the projects/prospects and MAG is the easiest/most comfortable hold for me for the whole time I've been holding because I've done my research and am confident in the Management/Projects/Backers/etc. here and getting the desired outcome.
But again, each to their own!
Cheers,
GB.
edit: I would also once again suggest everyone does some research on RC and DD drilling and what they are and what their process is.
