LIN 0.00% 9.8¢ lindian resources limited

Ann: Second deep drill hole intercepts 1,000m grading 2.6% TREO, page-25

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  1. 2ic
    5,923 Posts.
    lightbulb Created with Sketch. 4975
    Good hole as expected and well flagged to the market long ago. director's special under the highest-grade area discovered by the French underground adits and sampling long ago. Upgrades the deep hole 74 which dropped off in grade under same area, adds valuable information for longterm MRE and mining production upside etc, but of little value to the share price today.

    Unfortunately, despite all the risks inherent in Africa, LYC legal challenges, perception company is staffed by Kabunga's cronies, failure to generate Kanga development cash from Guinea bauxite etc... it's all behaving very much like a cum-raise, mini-Lassonde Curve developer as i suggested. Still a long time before we get something closer to reality of the capex of Stage 1 pilot-plant, and how much CR will be required to fund it...

    Don;t know why anybody invests in developers once exploration the sizzle has died down, or when they build, commission and get into production for that matter... hiding to nothing unless rare M&A action saves holders sliding into the brokers next CR abyss.

    sigh... GLTAH
 
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