Which part you don't understand?Yes, initially they want and...

Which part you don't understand?

Yes, initially they want and expect drill to start ASAP or even in May and results come in mid June, just in time before options expire. That was before they talk to contractors. I was expecting results by June.

However, they went to Chile and talked to several contractors and realised will cost too much if you want immediately and results by June. They want more and more money to drill. It is ok for GLN directors because they spend millions each quarter and love raising money at bottom.

BMG wants sonic drill rig and absolutely minimum cost. Initially they want diamond drill rig (that was in May) but realised sonic is so much better. The company using top quality sonic drill rig was busy.

In order to get best rig at minimum cost, you have to wait may be 3 months from May.

Instead of e.g. spend $800k per hole, now cost $200k per hole but 3 months wait. That is saving of $1 million for two holes but 3 months delay.

8 holes GLN drilled should only cost $1.6 million. Because they want everything done immediately, look how much they spent on those 8 holes. Has $6 to $7 million drill program translated and reward their share holders in higher share price? No.

Short term traders want out because of delay. They don't care about long term cost of exploration. They only focus on small pip trades.