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clock Created with Sketch. 21/10/22
02:19
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Originally posted by x64action:
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We’ve said all of this. No. We were and are at a loss on the drilling contract - even if paid in full is was below market. We suspect that’s why they have gutted the QLD budget. They likely now know how tough it is to run an exploration effort cost effectively. It’s more valuable to Vitrinite if X64 makes a discovery in the Drummond Basin because we have 20m shares, most of which are escrowed to show our commitment. Drilling costs are a rounding error. Who cares? We walked away and gifted them to the company. Even now we still are carrying costs to make sure the company doesn’t fall behind. It’s in our best interest to see the company succeed, not bleed it of cash.
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Hello x64action, I've a few simple questions which you should be able to answer without difficulty.
Last edited by
BobGee :
21/10/22
(20min delay)