Until we get a credible and honest explanation of the cause of and reason for that misleading ASX report describing abundant gold in hole 1, which was followed by 5 weeks of silence whilst the company withheld news of initial negative assay results, and then followed by the shocking ASX announcement of negative assay results that was slipped out into the in the holiday quiet of December 23rd, I personally will never believe a word of any further announcement that this company makes.
Continuing vagueness, obfuscation or silence on this one critical issue will simply add to the impression that wool is being pulled over the eyes of the injured parties, who bought stock on the basis of that now-discredited ASX release, which so clearly and assertively described an abundance of gold in the drill core of Hole 1.
In my opinion, the only thing that would restore credibility to the company and its ASX announcements would be a thorough forensic investigation of what occurred at the drill site during the drilling of Hole 1, and during the geological logging, transport and sample processing of that core up until the point at which it reached the independent hands of the assay laboratory. This should then be followed by an honest admission or explanation of what actually caused the discrepancy between the reported geological logging of gold in Hole 1 and the negative assay results from that hole.
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