We had an operational update on the 27th of Feb where it was stated,
"The Company now awaits results from these analyses with the aim to estimate a
Maiden JORC Resource for the Mahefedok deposit. As planned, analysis results are
to be announced in March."
"To date circa 2,300 metres of drilling have been completed across Zones 1 and 2, with Zone 2 looking particularly promising. There are approximately 200 metres of drilling left to complete the current program.
The Graphmada laboratory team has prepared circa 2,300 samples from the drilling program and regular shipments of samples have been sent to SANAS accredited laboratory Bureau Veritas in South Africa."
The cyclone turned up on the 7th of March onwards, so perhaps that delayed the last part of drilling and the sending off of the last samples.
These things are never exact and 6 days after the end of March is hardly a call for concern. I guess a lot of people were building up the buy side based on the above timeline. They will be back upon release of the drilling data which should be soon. Perhaps BSM doesn't feel it should release a negative announcement stating delays if the delay is on the order of a mere few weeks.
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