Ann: Becoming a substantial holder, page-11

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jefferies2

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13/04/18

10:23

Post #: 32430865
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Originally posted by MeToo ↑

Hi the rdncoics, seeing nothing is happening do you have any thoughts on the following? ie: What project they are referring to? Who signed it? What year it was written? And what it all means?

Quote - “During the year the Company has identified that the opportunity for alluvial gold production is limited and with the sale of the peripheral tenements to other parties, is now moving the focus to completing its assessment of any hard rock potential.”

“The Company’s technical team has identified previously that much of the high grades intersected in the historical drilling, appears to be associated with narrow and irregular quartz veining. Given the high number of extensive underground workings, it is possible that a significant proportion of any remaining potential high grade ore material may already be extracted. In addition the lenticular and erratic nature of the veining may be problematic in future resource estimation and intense and close spaced drilling may be needed to resolve low confidence areas.”

“The current investigations are now focusing on the financial risk of further drilling against the expected probability of a resource significant”

“The Company has actively engaged in assessing other project opportunities globally that may add value to the Company and will continue to aggressively pursue this line of investigation as a strategy to increase shareholder wealth and improve the Company’s current position.”

End quotes.

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Wow MeToo.

I wish I had read that before I invested.

Still, at last I have something in common with rdncoic, though our sentiments will probably remain different.

CVS Price at posting: 1.0¢ Sentiment: Hold Disclosure: Held
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Ann: Becoming a substantial holder, page-11

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