Ann: Adriatic Western Extension to High Grade Mineralisation, page-27

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coppashaft

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29/08/18

15:25

Post #: 35268602
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Originally posted by eshmun ↑

"Adriatic also received assay results for drill-hole BR-1-18, which failed to intersect any significant mineralisation

UMMMMM, so they are now sending cores that visually look to be duds now

What is the point in continuing with 4 rigs if they cant drill the ground that they need to be drilling, something doesn't add up.

Are they drilling duds or low grade all over the place when they should be stopping progress until they can access the land they require, might be a better option"

The Appendix says they didn't assay the interval from 0 to 122m of hole BRR-1-18 and only assayed parts of the 12.9 m interval from 122m. That to me is prudent money management on the part of the company. (ie only assay those parts of holes where visual observation gives indications of potential mineralisation).

What is it that you expect the company to do, not explore the limits of the deposit? Without defining the limits of the deposit you can't produce an accurate mineral resource. I suppose you just want the company running around drilling in the same places to produce sugar hits for the market. The progress of this company will rely on producing a JORC resource, some feasibility studies and securing more land tenure to try and extend the potential size of the resource. There is no point hiding from the fact that some holes will miss. These are the holes that define the extent of any potential mine and are as vital as the holes that hit. You just want to play on people's fears with your comments. Bipolar (apologies to real sufferers) posting isn't very helpful to fellow investors. As other people said if you think the company is going about this in the wrong way, no one is obliging you to invest. Esh

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Are you or anyone willing to pick the bottom on this.

Seems every time they announce results it gets sold down.

I am thinking the gap @26.5 might come into play, I didn't think it would be possible, but after today I might be a possibility, especially now that they have only produced another two results they see worthy of announcing.
Imo they are stacking the buy, the close will be interesting

ADT Price at posting: 37.5¢ Sentiment: None Disclosure: Not Held
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Ann: Adriatic Western Extension to High Grade Mineralisation, page-27

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