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clock Created with Sketch. 28/09/20
21:12
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Originally posted by tacair
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ok, I'll bite. "Review of historic data identifies several advanced gold prospects at Adelaide River Gold Project located 25km south of flagship Finniss Lithium Project in the Northern Territory" Now, If we look at the competent person statement:The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Stephen Biggins (BSc(Hons)Geol, MBA)" So, the first announcement was driven from the MD. "Gold assays up to 106.5g/t in rock chips at newly defined Covidicus West Prospect " - yes the name is dumb. "The information in this report that relates to Exploration Results is based on information compiled by Dr David Rawlings (BSc(Hons)Geol, PhD)" DrRawlings is the exploration manager and at a very different level to the MD. Now if the company observed an uptick in the SP prior to historical analysis handled by the MD, they must have been alert to the fact that if an announcement was being compiled by sources lower in the company that there could have been much more buying prior to the announcement. As I said in my last post, I was surprised by the TH - partly because there wasn't any significant SP action before hand. Disclaimer – I don’t work for CXO, but I do call a spade a spade when I see it – even if that means I don’t participate in bashing management this time. Not saying I am right, but the above argument is a possible explanation.
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Fk holders who gripe for news and when it gets spiced up a bit its stupid but previously.... for fk sake CXO give us something while waiting for Lithium resurgence ....do something....and when CXO do......out come the wingers and fk there own investment........Well for me I can't wait for them to bring on the Auger drilling because then we will find out if its been a waste of time. What you got today gives you and others an idea of what's there and a chance to get set just like other Gold explorers do previous to drilling.
(20min delay)