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0.3¢ altair minerals limited

Ann: Proposed issue of Securities - CHK, page-5

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philsy18

3,967 Posts.

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28/10/20

16:05

Post #: 48461435
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Originally posted by bbdrf: ↑

The lack of updates is annoying, but given the games being played by OD it isn't surprising we aren't hearing much until the 80% is confirmed.

Of interest from yesterdays Notice of general meeting - the vesting conditions for incentive options:

"Vesting upon the Company announcing an independently verified JORC compliant Inferred Mineral Resource of a minimum of 2 million tonnes at a copper equivalent (CuEq) grade of not less than 0.5% Cu for at least 10,000 tonnes of copper metal equivalency across any of the Company’s tenements."

Unless there were some major hold ups, hole 2 should have hit final depth and management knew what the second drill core looks like (the core with the pretty picture at 1062 metres) another 300 or 400 metres since the last update?

I can't see why would they have added the condition for their incentive options of a resource of not less than 2 millions tonnes at 0.5% grade unless they were happy with what they had seen so far.

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Sounds promising
Looking forward to the next news
Agree, there might be some delay while they sort out the legals
Oak dam/Cohiba story looking good
9 Upvote

0 Great analysis

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