phone call to company

Actually, should have given this a new subject heading.

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Well, I gave the company a call (ph 02 9299 9357) to see what the delay was with their Fenix project in Chile.

The answer I got was pretty sketchy. Apparently the MD is over in Chile at the moment. The drilling has been completed and the assays are now in. Stated that there was a delay with the assays, but couldn't get anything specific out of him. Seemed to be indicating that the main delay is actually in analysing and interpreting the results (read into that what you will - if anyone wants to drill them more along this line of conversation feel free).

Stated that an announcement will definitely be out before the end of October. I notice that a director has been buying on mkt., although at marginal quantities (interesting considering they are sitting on the results), but I personally don't read anything into it.

It all seemed very vague.

Cheers
SBC