In the quarterly they said that they had stopped drilling while securing the renewal of the exploration permit which they said was progressing well.
My concern, is this was nearly 3 months ago and no word on it progressing well??
I could also be wrong on this point as I have no idea how the permitting works, but to let it expire and hold up drilling on a big project is piss poor management, it should have been renewed prior to expiration.
Now if it is issued in the next few months we will be into the wet season and won't be able to drill.
Another concern is if management are now making up stories, results better than expected (I think that might be the case) but it is what a shareholder wants to hear, but after they told us no drilling because of permits why not say that!
We already have a JV. that has 36% and can got to 42% so there isn't that much more we can give away, unless we start talking about below 200m where we haven't put a drill yet (apparently).
I'm as hopeful as anyone on this, I just have a frustrated wallet ..............and wife.
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