Been away for a week and came back to the quarterly report. IMO...

Been away for a week and came back to the quarterly report.

IMO
Summary: What a let-down. It seems all the excitement/initial results were purely orchestrated to drive the SP & garner attention of Peleton/someone to underwrite the OA’s.
Now they have been secured, progress has seemingly backed off and it seems we’ve being setup to get the OA’s underwritten (recent slow news, awaiting more results – time-frames for RC and Pebas dragged out). The writing is on the wall..


February 2nd:
They had just acquired a new Ni_Co project
Bought the place
Taken samples of the soil, hit them with a HH XRF
Sent grab samples to the Lab

February 19th (17 days since last ANN):
Results from channel samples/rock chips, noted auger drilling program is underway

SO, 17 days MAX for lab assays . Take a day or two for getting a release up, 15 days, let’s say two (2) weeks. Aligns with what I said previously – 3 weeks for results in peak season, better than three (3) weeks in wet season (now).


8th March:
Auger sampling results from 19th Feb obtained (16 days from last ANN)
SO,

March 27th:
Second Assay batch received (19 days since last ANN)
AWAITING Assays from infill auger drilling to Northern target
Southern target: auger Drilling underway.

Do we see a pattern yet??


April 26th (~4 weeks, 30 days since last ANN ) NO NEWS.
= Bollox. There is no way they do not have something to release.

Either the Southern target has fallen over (no grades), or they are holding back good results - roughly doubling the resource; IMO there are no other possibilities.

Underwritten OA’s shrivel up April 30th, downward pressure is being placed on the SP - then only a few days until AGM…….. A release after the 30th and before the 3rd, I'm calling shenanigans!

My sentiment/anticipation has not changed. I am however disappointed it all seems (from the outside looking in), contrived. If it results in an opportunistic buy, I may add a few more.. If I held OA's, I would be converting them - pronto.

BUT, as with the Speeding ticket/ASX please explain - there will be justification/reasoning behind it.

DYOR.