Whalewatcher What a lot of cods wallop, if it was that good, why is there a difference of 60% in the last two JORC models. Similar minds did both reports.
What about Nev's comment in the first CDU report. Very damming
Why is the company not allowed to release to us what is written in their own internal 3D model.
Why don't you write down the cut off grades for the different metals above which the JORC code could not include.
You can set up a system which the worlds best scientific minds can give a result to and if the system is lacking the result will be wrong. Shite in shite out!
You cannot have a code prepared by employees of major mining houses when those very mining houses can take advantage of low ball JORC results. The major mining houses make their very living by gobbling up struggling miners, who are very often struggling because of low ball jorc results.
Please do not try to hide science that is constrained by rules that are purposefully put there for someones advantage.
If you think the JORC result is so good someday I would like you to view the companies internal 3D model which would be linked to Excel spreadsheets to give answers that actually are relevant to all of us. The company is not allowed to give us that information.
Go read the CDU report, wash trades, shorting both covered and not covered, (covering by employees of super funds that actually loses the same funds money while the employes pretend they are making money), broker firms taking turns to control both up and down ticks, HFT reading(which no one understands with the ability somehow within an auction process of member firms possibly colluding during the auction process.
Mate with all the schennagins mentioned above we add the JORC code to top it off. You ignore the drilling and assay results are necessary for the company to do its own evaluation. The JORC process is totally useless to the company as they do not use that information one single bit. That process is only for communication to us shareholders and instead of helping us it has massively hindered us.
I suspect there has been at least one suicide as a result. Mining companies have a rule "do no harm" The ASX has no such rule.
Why in god's name do you think there is a senate inquirery.
Follow the rules of the constitution with regard to alligence and get rid of section 18c.
CDU Price at posting:
$1.78 Sentiment: Buy Disclosure: Held
