Not stumped at all, you posted saying that the company were not going to progress the OHD project this year, I just wanted some sort of indication where you got that information from because it is contrary to their announcements - nice you deflected though.
Yes, I agree (shock horror) that John Watts is retained as a consultant and as such he should be in Guyana consulting/directing/advising or doing what consultants get paid to do or get another geo in to do it, this is a long time to develop replacing Bulesco with a geo makes logical sense. Shareholder confidence has all but diminished, possibly with Watts/other geo there on the ground may help. Posters bang on about Piepgrass but try getting any information on him? Other than him being the CEO of GSM and has been fossicking around Guyana for a couple of years.
Well they will be back drilling before the assays from the 1st hole are released (IMO) as the pulps from TD001 (first hole) arrived at the labs in the announcement released 12th May
https://www.asx.com.au/asxpdf/20180514/pdf/43tzs7yq262t6d.pdf
Without knowing how many samples they have the timeline will alter re: post
30878521 I would also suspect the times for results would be dependant on the back log at the lab, but <20 samples (3 days) or up to 500 samples (2 weeks) but they will have more than likely drilled a further couple of holes before TD002 and TD003 results are known and more than likely completed the campaign before the assays from all the holes already drilled are released.
Not sure your interpretation of the Binding Heads of Agreement that they can walk anytime they want with out spending the minimum as it clearly states that upon electing to proceed to Phase 3 earn-in, the company must make a cash payment of $50,000 (done) issue GMS 12,500,000 shares (done).
The company must spend a further US$1,000,000 within a further period of 12 months (approximately half has/or is being spent on this drilling campaign) on the Morabisi project.
If the assays are disappointing, then by all means they have until
20th February 2019 (the required spend time line) to spend the balance within the Morabisi project.
https://www.asx.com.au/asxpdf/20160920/pdf/43b9lfnjv23ljn.pdf
All the above IMO
cheers
