LNR 0.00% 0.3¢ lanthanein resources ltd

ok tedi budgets out, page-3

  1. 125 Posts.
    I agree its fantastic to see more money being spent on developing some real value for FNT, how a company can be valued at less than $30m with $15m of JV spending in the next year and $52m over the next four years is staggering to me. However my big problem with Ok Tedi is lack of disclosure of results. Esis - 1 hole has been released but we are missing 4 (?) more that have been completed; Bulago - drilling is underway with 2 rigs, first hole was completed in mid-Nov and still no update; Central New Britan - Aeromagnetics and radiometrics completed in Feb and no news. This is a huge backlog of results that we are waiting on that could have a serious impact on the share price and yet it seems we must simply wait for Ok Tedi to decide to release the results from our JVs. How long can they sit on these results? Do they even need to release these results at all or can they sit on them for the duration of the JVs?
 
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