ASO (ASX) Ann: Intensive Exploration Program Underway at Dobsina

Originally posted by dunny29 ↑

The fact that other investors can try to dispute your actual research which is documentation from previous workings, yet fail to back it up with more recent results that dispute them (because as yet there are none), is baffling to me and indicates to me that there is blind faith from a few (not all) in this forum toward the company and its management team to find something at the moment.

At the end of the day, the company has had access to the site for comfortably over 12 months now, has released assays for only 4 holes and they were very underwhelming. The update at the start of the year outlined works to be done, so drilling for just 5 holes could commence as part of this program initially (it was a bit vague and maybe they have drilled more but I haven't seen this mentioned). So if these holes were recently completed, it may be a couple of months before these results are announced, and there probably wont be many of them.

For a company that hasn't proved much at all in over 12 months and is making very slow progress, it can't be that much of a surprise that the price is falling. A $60mil+ market cap requires justification at some point (granted it has plenty of cash though).

I respect that Tolga was willing to purchase plenty more on the drilling results fall a while back, but this is still a speculative investment and one that he can afford to get wrong. For me this is still a very high risk play that is yet to prove much, with a market cap above many explorers who have actually showed some results. I think this is still very high risk, but there isn't much quality out there to choose from. If they happen to find something great the reward could be massive, for the time being I just can't see it being reasonable to assume they will.

The timeline given in this ann 'exploration activities schedule' (for the rest of the year) makes no note of getting a JORC resource completed or a scoping study even started. I can only assume that this implies that the drilling being done is to see if there are some significant hits of cobalt and other metals, that there isn't any certainty that there are obvious targets that can be drilled out with confidence that it will keep hitting a decent chunk of cobalt mineralisation. So it looks like EUC plan to keep exploring for another year.

The talks on here a while back (possibly after the AGM) of this producing soon appear fanciful based on the actual evidence to go off. Proving you can get into production is where most money is made/lost by investors. Producing is the part that matters, producing is where the company starts receiving the $'s.

It may only take one decent hit to set this alight, will they find it and many more while making some quick progress is something that I'm not willing to take the risk here currently.

I just can't see what all the fuss is from a few of the poster's here who keep talking it right up as if it's a sure thing with the odds heavily in its favour.

Expand

No one is disputing Vintage's research lol, we're just tired of him citing the same report over and over and over. We get it, the previous drilling came up with nothing.

Sort of hard to come up with new evidence given the fact that we're all waiting for drill results.

Everyone is doing the same thing here, sitting, waiting and watching. We wanted an update, we got one, results will come through soon.

On the comment of JORC, we're still trying to find a vein with decent mineralisation, once we have that I'm sure a JORC will be discussed.

Buy what you can ladies and gents;

(Pr(success)*EV(Success) discounted back to today/# of shares) > 7.4c imo.

No.	Vol.	Price($)
22	3879255	0.9¢

No.

Vol.

Price($)

3879255

0.9¢

Price($)	Vol.	No.
1.0¢	1260152	5

Price($)

Vol.

No.

1.0¢

1260152

No.	Vol.	Price($)
21	3779255	0.009
13	4088374	0.008
7	2481713	0.007
3	410000	0.006
3	950000	0.005

No.

Vol.

Price($)

3779255

0.009

4088374

0.008

2481713

0.007

410000

0.006

950000

0.005

Price($)	Vol.	No.
0.010	1260152	5
0.011	406572	3
0.012	307319	5
0.013	538769	4
0.014	1688325	6

Price($)

Vol.

No.

0.010

1260152

0.011

406572

0.012

307319

0.013

538769

0.014

1688325

(20min delay)
Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $11.65M

Open	High	Low	Value	Volume
0.9¢	1.0¢	0.9¢	$33.26K	3.476M

No one is disputing Vintage's research lol, we're just tired of...

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Recce's R327 found effective against E.coli during clinical trial

Ava Risk Group expands US presence with A$0.7M Substation Deal

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Microcap Wrap: 5 explorers with news out today

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Pointerra wins US$1.63M from US Dept of Energy to model climate change scenarios

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

No one is disputing Vintage's research lol, we're just tired of...

Top Stories

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Recce's R327 found effective against E.coli during clinical trial

Ava Risk Group expands US presence with A$0.7M Substation Deal

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Microcap Wrap: 5 explorers with news out today

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Pointerra wins US$1.63M from US Dept of Energy to model climate change scenarios

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News