Please refer to my previous post (below for convenience) -
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Had few days to cool off and think BUT I stand by my initial posts; how the company in my opinion should have approached the present situation (particularly due to the fact that it is only recently where their time-frames regarding informing the market have been a little lapsed !!) is as follows.
What we know due to company communication although not directly from the source (via HC) -
- 8 holes completed
- All with mineralisation
What we don't know in regards to the two fundamental aspects above -
- Were all 8 holes from Pad 5?
- What were the depths?
- What angles?
- In line with the above are there any additional findings?
- What is the forthcoming approach due to findings?
- What type of mineralisation?
- Is mineralisation dispersed or have lengths of continuity?
Now IF we had an announcement with all the above information and potential diagrams to go with it we would either be exactly where we are because the results are somewhat considered not economical at present given findings OR we would be at about 30c.
Secondly, IF an announcement as such was received then the market does not care (again IF results are good?) to factor in potential 2/3 weeks of delay due to transportation/logistical issues.
Thirdly, these so called theoretical's in respect to SP IF all had been done as what I deem appropriate i.e. above, the SBR thread would be a great place to be. Mgt. this time have certainly in my opinion stuffed up, question is why? IF this occurs going forward, I will personally address the issues first with the company and then formally via ASIC. This is the pointy end, no more games per se !!
Lastly, anyone disagrees with the above well your just kidding yourself.
Naturalfibre (and great nic by the way) thanks for sharing your conversation, unfortunately some are miles ahead of you my friend - in fact from where I sit a few who believe they are ahead are actually still just in 2nd and 3rd place.
Have a great rest of your weekend, off to do some gardening to relax.
NL
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Anyhow have had enough of this banter, just frustrated that more time was not placed regarding aspects of the drilling in the latest announcement - absolutely shooting themselves in the foot with your LT investor from where I stand - of course many LTs will say, this is just the start (client anyone?!) ... please !!
NL
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