Something is not adding up. For a while now ( like others) I've been a little concerned we have had no update. The first 3 holes in the drilling campaign were done very quickly and visuals reported quickly as well. Since then despite all the time thats passed TOTAL SILENCE on drilling updates. Given bad news invariably travels at a snails pace, its probable we have an issue. The two obvious things are we are not intersecting more pegs, but that would be counterintuitive since the artisnal diggings in the area do suggest by inference there is a good chance that there is plenty more pegmatite around, or we have a drilling issue. I think its the latter. The first holes were near the crest of the hill where artisnals hadd cleared the area and preparing our drill pads was not likely therefore to be an issue. But along strike, if extending down the side of the hill, may be problematic and the existing drill rig may not be be optimal. Whatever, this long period of silence from management is poor form and is being reflected in the share price. Tell us whats happening on-site. I note the issuance of performance related shares proceeded without delay, so how about earning that performance by not further delaying with some information to fill the silence void.
SLM Price at posting:
37.0¢ Sentiment: Hold Disclosure: Held
