AGE 0.00% 4.3¢ alligator energy limited

As is often the case on this site, good questions get ignored...

  1. 663 Posts.
    lightbulb Created with Sketch. 226
    As is often the case on this site, good questions get ignored and irrelevant pumping gets applauded and talked about.
    Why indeed would SOI not be a concern?
    The facts here is AGE has issued an extraordinary number of shares to buy the samphire project, raise the money to explore and now buy the surrounding tenements just so they can work out what USA did years ago, that this deposit cannot be mined. There is too much carbonaceous material in too high a salinity ground water and the roll fronts are too narrow and too low grade. An ISR mine cannot work. The only hope this project had going for it is the Granite source hypothesis. Even then they waste money on high density mag surveys when they have already been done and proved they can't target basement architecture which was proven 7 years ago.
    They should be mapping faults through drill holes and passive seismic and subsequently drilled via sonic/diamond tails in selected high grade locations, like what was designed 7 years ago.
    USA went broke on this project, I suspect AGE will too.
    There may be a bit of pump left, especially if the U price can get a move on but I would not be holding this long term. It will only lead to disappointment. Sure they will add to the tonnes of the project but not the average grade, that's the key number, not tonnes.
    Sorry to be a downer to everyone. GL
 
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