In mid December 2012 i sent an email to CNO management requesting information regarding a number of issues, particularly a drilling progress update and also feedback on the fiji cyclone damage (if any) and also assay results timelines. A few of us shareholders received a reply email to our queries in early January 2013.
The 3 questions i had regarding assays went unanswered. 1) Will the company have the assays analysed in Fiji or sent to Australia? 2) Does the company have a rough idea of timelines for the first assay results? 3) Will the assays from the 15 hole Phase 1 drilling be all done in one batch, or split over several batches throughout the drilling program?
We do know drilling commenced around early October and was completed mid December 2012. It's now been one month since the Phase 1 drill program was completed in Fiji, so just a little more patience required with this one.
CNO Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
