To all fellow Wavenet Shareholders holders and Management I trust 2013 will be Wavenet’s year.
I have just had the opportunity to reread Wavenet’s 23 November 2012 ASX announcement.
In summary the first set of core samples were about to be sent to the lab (Non Target Area Hole) and the 2rd 100% owned drilling rig was about to be commissioned.
Selaup in Indonesia with “Initial samples from workings in this deposit have returned 53 g/t gold, 39 g/t Silver, 2.9% Lead and 0.6% ZN.” Looks very interesting.
Foreign Investment Review Board’s acceptance of the Winery sale, ($4,650,000) payment due Nov to June should assist with the drilling cash flow.
I am confident the Wavenet key management will be 100% focused on this project as after many years they have moved from the study and approval phase to the DRILLING & RESULTS Phase and have their shirts invested.
The next 6 Months will tell.
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