Drilling to commence, page-5

Hi jimmyp

I'm afraid that's not quite right mate, as they've made some pretty solid and precise statements before.

On the 4 September last year an announcement they released said that they were

"Targeting completion of the drilling program in the December Quarter 2014".  

...Note, it doesn't say commencement, it says "completion" of the drilling program.

Then, three months later, on the 3 December last year, another announcement was released where they said

"RAM will proceed with obtaining the relevant permits in preparation for drilling the conductors in the March Quarter 2015"

Now here we are, close to the end of the March Quarter and they still haven't started drilling.  Let's face it, they haven't even obtained the permits yet !

I understand sirsmiggles contacted their office the other day and was told that they now hoped to commence drilling in the next quarter ( April, May, June ).

Hold on, isn't this the same company that in September 2014 was telling us that the drilling program would be completed in the December Quarter 2014 ?

Surely, they're just stringing us along.

Sadly, I think they'll probably announce a CR before any drilling starts.

Speaking of such things, I note that WIN's trading halt today was in relation to a capital raising, and like RAM, they haven't started their drilling program as yet.

Anyway, let's see what happens over the next month or two, shall we ?

Hopefully, I proved totally wrong.