DHR 0.00% 0.2¢ dark horse resources limited

Ann: Santa Cruz Gold Projects Update, page-23

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,620 Posts.
    lightbulb Created with Sketch. 99
    Problem for me is LKO doesn't appear to have the funds to drill in Jan'2019 on the rawson tenement. They'd initially said Jan/Feb '19 but that has changed to 2019. With the placement announced this week to cover working capital costs, this tells me they haven't yet secured funds to drill in SA even with the subsidy covering 50% of the costs. So i'm not expecting too much from LKO and it's a big sigh.


    DHR, well nothing mentioned on the lithium brine play and due dilligence; nothing on the next lithium site to prospect; nothing really on the gold exploration. They had 2019 to define a significant gold resource, based on an interview with Mr Mason and so i'm left thinking yes, they have good prospects in terms of sites, but they're really not progressing any of them as quickly as i'd expect. 


    Year in review they get a 3/10 for managing my expectations. The 3 is simply for stopping any further exploration on the las tapias which was a great call, i.e they saved shareholder funds. 


    really this time last year they were prepping for drilling in Las Tapias and well here we are a year later and nothing on what is next. Thats an F




 
watchlist Created with Sketch. Add DHR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.