4CE 6.25% 1.5¢ force commodities limited

Ann: Kitotolo-Katamba Lithium Project Update, page-9

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  1. 3,656 Posts.
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    Below is a rough time frame, apart from taking a ridiculous amount of time the communication by the company has been atrocious during this period as well.


    March

    27 March 2018 - First Drilling Contract signed and Rigs to be Mobilized 'immediately'

    April

    3 April 2018 - Kitotolo Drilling Contract signed - Drilling Anticipated to be completed by 'second half of September 2018 Quarter'

    May

    23 May 2018 - Drill Rigs still not Mobilized... 

    June

    Nothing....

    July

    4 July 2018 - Drilling commenced with drilling expected to complete late-July/early August for Kanuka

    August

    21 August 2018 - Half of Drilling completed - Drilling expected to complete  in 3 weeks (12 Sept?) - Samples from 21 Drill holes dispatched and first Assays expected in 3-4 Weeks (19 Sept?)

    September 

    Nothing....

    October

    17 October 2018 - Drilling Completed, still no results, no new time frame given

    November

    ???


    Cash has dropped from $3.5 mil to under $1 mil... we dont have any results to show for it and the drilling program first announced to be completed in the second half of the Sept Quarter 2018 is now not looking to be completed until June 2019 (at the earliest)... and they still have the nerve to call it a rapid or accelerated program, 



 
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