re: dangerousfool
I never said drilling would never happen. I have said the deposit will never be mined. I said drilling in October was highly unlikely. 3 Days left in October and no drilling! Excuses to start shortly as predicted.
In the meantime ridiculous amounts of money are being paid for administration.
A motion is being put forward for the issue of 3.2 Million Options. 3 Million are to be allocated to Vic and John This is plain greed.
They are currently burning cash at $0.5M per quarter. Most of which is being spent on ADMINISTRATION At this rate they will run out of money in 18 months with out even sinking a hole.
Wonder no longer why this company has little respect in the Adelaide business community.
LCK Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
