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20:27
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Originally posted by peter63:
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Ok Just back from the AGM. So here goesPeter (chair) opened up the meetingcan happen. It took Dennis O'Meara 15 years (DEG), we've only been there 15 months, our drilling is vary spacious which is necessary at this stage of exploration. We absolutely hold dear to us the low shares on issue register. 5.5m in the bank with another couple of mill coming in from sale of nickel and royalties. We are spending a lot on drilling. Assays: We are currently paying a 50% premium at the mo to get them prioritized but the problem is everybody is paying to get theirs prioritized, costs have gone up for everyone 50% !!!! The bottom line is in the last 12 months we have achieved way more than the share price is reflecting.Rob then gave his presentation. We are more advanced than we were at any stage prior and on the cusp of something big. He couldn't believe the markets lackluster response to the results this week.The recent results are EXTREMELY GOOD, we should all be excited by them, He says its very hard with air core drilling and we have only received results from a handful of RC drills. It's also very hard to book rigs at the mo, yet we have plenty more drilling coming up THIS YEAR. He spoke a lot of the 4km long corridor at Strelley. Results from that are extremely encouraging. Targeted drilling for the next stage is being planned now. We also have so much copper around Duchess. Some serious deposits (of such a highly demanded commodity). They had a board meeting to discuss whether to concentrate on the copper or the gold and couldn't separate them, we have to move forward on both. Staff are hard to get in the current environment. Rigs are hard to book and results even harder to get. But we just have to keep ploughing ahead. Then he came to probably my personal favourite part of the meeting..... Lady Fanny ! He's spent the last 4 months organizing this with government departments. He can't believe there's been no drilling at all around it for the last 40 years. All that is about to change, we'll have the drill bit spinning before Christmas this year. He couldn't hide his excitement with Lady Fanny . I can't wait to hear more about her !!The Stockmarket is simply a vehicle that transfers money from the impatient to the patient" Warren E Buffet It's there as a reminder to ME everyday when I walk in.buy"
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