Could the Whitestone Minerals RC rig be drilling for Genesis Minerals 30kms southeast of Noresman? Refer to their company announcement dated 27/11/2014. According to the latest company presentation (30/05/2014) by Genesis Minerals the major shareholder is the Fotios private company Investmet who hold 19 percent of that company.
In the event that Whitestone are currently drilling for Genesis Minerals I would contend that it could be seen as a conflict of interest for Mr Fotios in the context that he is supposed to have delivered the RC rig to Horeshoe in September as per the ASX announcement (Company presentation, slide 19 released 3rd June 2014). There is a woeful lack of information from HOR to inform the market on what is going on. Trying to investigate the location of the Whitestone RC rig leads into one brick wall after another hence the need to join the dots.
HOR Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
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