The burning question is, did the people on the ground follow the planned drilling or did they go all "wild cat" and move off script on a hunch? thereby leaving no money left for all the other plans already talked about?
We all read about the times a wildcat move pays off big-time, but the many more times it sends a company broke, we never hear about. I call it the Hollywood effect.
I don't have a clue about Rob, but those on the ground have significantly shrunk in number.
Something obviously happened that did not meet the approval of the management.
The money we had has evaporated and we have no significant results for it.
Just think, we had many millions of dollars and now we are on the bones of our arse. I for one would like to know why.
As the coppers always say, "someone knows something". I for one would like to be that someone.
Having said that, it just shows how much we need a strong JV, and I would think that the drilling done has added greatly to our knowledge of the area.
To my uneducated mind, I did not think the results were that bad.
Lockitt
ICG Price at posting:
2.1¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)