"If they started drilling Friday you wouldn't expect any news this week niclou would you?" WIPEOFF
If I was MR/S Colbern Nominees holding ~160m $.001 options
convertible/saleable this month ,staring so closely at a massive potential windfall profit , and obviously being a close friend of the Company to get hands on so many ,I would be extremely keen to get some news this coming week ...even if it was just confirmation that drilling has commenced .
Imagine if the shares go to just 3c ,Mr/s Colbern would stand to pocket $1.63m clear profit .How many new Mercs can you buy with that amount of spare cabbage .
How dirty would you be if , when you can only sell those options on the market up to 23/9 ,MLS already has indications of U at depth and they chose not to confirm that until your options had expired !!!
I don't think you would continue to be such a close friend of the company .
I reckon you can count on Mr/s Colbern putting in a phone call this coming week !!!
My understanding Wipe is that RC drills can penetrate ~ 10m/hr ...say 80m for an 8 hr day .That's around 1 hole/day .
We know that MLS has instruments that can instantly determine whether or not the drill chips are mineralised .
So why wouldn't Mr/s Colbern expect some early advice to the market if the drill chips contain U ?
Even to this point , I am suggesting that we have more than 1 hole done .
GLTA
Q
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