However, this is a little more to my liking drilling the old fashioned way to look for gold.
Snippet from the article, link to full article below.
Jurie Wessels, GoldStone's Chief Executive Officer, commented: "We are very pleased to have commenced with drilling operations after a prolonged delay and are optimistic that we will be able to reach our exploration targets before the rainy season commences. We are also looking forward to receiving the results from an airborne magnetic and radiometric survey, directed at detecting structures associated with the gold anomalies, which is planned to commence before the end of May 2012."
Hopefully we can see some results from the drilling around the end of July.
As far as I can see this looks like a well-run company with a management that know what they are doing and I much prefer to see companies like this making regular deposits into the bank rather than the normal cash burning that so many others feel is fashionable.
And just in case any of the company directors regularly read this site please read the following article and please give it full consideration for the next time you have an embarrassingly large amount of cash on hand.
Having said that though I do wish to give full and proper credit for the recent share buyback I feel it was a terrific use of company money and almost as good as a dividend!
I feel we can look forward to an interesting couple of years as this company develops.
As always this is just information past along in good faith please do your own full and due diligence your over taxed hard earned dollars are far too precious to waste on the opinions of others.
Cheers and best regards to all: Andy
UML Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held