As it is about 7 weeks without any assay results since the ann which showed photos of the cores from hole 304 (i.e "green, green, green"), mgmt again needs to explain the unacceptably slow reporting and why they continue to allow lethargy in their mgmt practices.
Before recent posters jump to mgmt's defense you should know that this is not a new problem.
At each AGM for the last 3 years SH have complained bitterly about unacceptably slow assay results.
Each time, mgmt claimed they were aware of the problem and were working on a solution.
Before the current mgmt, cores were cut at the drill site and assays were received promptly back from the same lab (ALS).
Then current mgmt decided to ship the cores to Mt Isa to be cut and then eventually sent to the assay lab. However, in one case this took 3 months and the regulators became involved as this is not continuous reporting.
Then SH were led to believe that the cores would again be cut on site to speed things up only to now be told in the latest ann that the cores are still being shipped to Mt Isa to be cut!
This has become a joke and another indictment of mgmt.
SH ask us on a daily basis - "Is this incompetence or are they just trying to drag everything out deliberately"?
Many other Australian cobalt companies rushed to do offtake/future supply agreements with equally eager battery manufacturers when the cobalt price was 25% higher than it is now.
Q) What did AML mgmt do?
A) Nothing!
SH are entitled to know why not?
They use all the classic excuses for the ongoing delays like the perennial favourite : "problems at the lab" (ALS) - which they've just trotted out yet again. However those of us older heads who've lived through this for years now aren't as easy to BS!
So where is hole 304?
How are you acting in all SH's best interests?
This is a fantastic resource but........?
AML Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
