Ann: Lake Goongarrie Drilling Results and Corporate Update, page-56

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ngh2601

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22/09/22

09:55

Post #: 63828932
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Originally posted by mraki082: ↑

So the 1,000m would of been completed months ago regarding Goongarrie.

So the serious questions have to be asked.

Was the rig sent away Months ago?

Was the rig sitting onsite burning cash? (I doubt it)

Was the rig honestly tracking in the mud for months trying to have a serious go at drilling? (Possibly)

Why did these assays come in after the selkirk (Menzies) RC assays when we started and already had the rig on site at goongarrie?

Did they honestly know that the drilling had to be stopped due to weather a couple of days before the official ASX announcement?

The Company had been sharp and prompt in receiving assays but these Goongarrie results for only 1,000 of DD sure did take longer than expected.

Anyone had a reply from Management regarding questions?

Let's hope the HRZ team can get this back on track as they are major holder and did tip $$$ in the raise last year and would be down a bucket load at present. They have a serious interest to get the share price back to where we all think fair value is.

A couple of wide high grade hits at Menzies should get confidence back and let's get mining ASAP!

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Somewhat concerning they did the CR just over a month earlier. Did they really not have any leading indicators that there was issues with both the drilling and the CEO, and as a result looming price-sensitive news then? The suggestion here/thought of them getting on the front foot with a shareholder webinar would be well received I suspect.

Alas, they are cashed up and the "lets produce some and fund the journey" approach is actually strategically positive.

KWR Price at posting: 4.3¢ Sentiment: Buy Disclosure: Held
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