Ann: Quarterly Activities and Cashflow Report, page-2

Today's underwhelming gold intercepts got me looking at PSM again.

From the last quarterly report:

with Page 7 of the same quarterly report providing a list of the previous announcements that were referenced in the report:

So focussing on D10, being the High Grade Zinc intersections at IIweol Prospect, 15 May 2018.

Nowhere in the announcement made on the 15th May 2018 is there any reference to drill intercepts listed above and on page 5 of the quarterly report.

The drill intercepts referenced on the 15 May report are historical drill intercepts as below:

Now PSM did put out a release on the 21st May "High-Grade Zn & Pn Sulphide Breccia Intersected at Python" where they announced 'sensational' Zn and Pb results from a hand held XRF:

 

No further assays, drill intercepts, reports or announcements were released after the 21st May through to the release of the September quarterly report. They had core in May and then didn't report on the drill hole assays until a quarterly report 5 months later, and they reference it back to an old irrelevant announcement with historical intercepts. 

What really cracks me up is they state in the quarterly that the assay results of UBD0005 were slightly higher than the hand held XRF readings! 

Should they not have had to release the drill hole assays once they had received them?

They were obviously very poor results, but good or bad should it not be full disclosure?

DYOR

Rocco