I am with you mate, easy to get wrapped up in all the marketing spin - but at the end of the day this is what the MD is paid for and I think Hanna is doing a great job both selling the story and as a geologist - his record is impeccable.
My issue’s no doubt like yours is the lack of trust when they say they’ve hit significant intercepts (think T1, A1,A4 and first hole T23) only for the assays to come up as dusters or they hide them - bar the 50 odd meters at 1.5% at the A4 vein.
I’ve done a fair chunk of research on the belt, anologys with similar sediment hosted deposits and the like and I’m still very bullish on finding an economic deposit of copper. The 9c to 3c drop or 90c to 30c post consolidation I think is a factor of a shift from exploration to development and macro issues more so of late.
It’s a very good lesson on reading between the lines of mgmt announcements and also on the fickleness of human beings. I’m still very bullish on what could occur here.
DML drilled a couple of good holes in the T4 area before the creditors came knocking 2014 with Cu at $2.20 and them loaded up to their eyeballs in debt with their other deposit at 9:1 strip, then MOD drill a good one before having to shift focus to drilling out T3.
What probably sold me was JVR’s big wrap on the area earlier in the year and he has been working the Kalahari for years and was the main man behind hana or now Cupics zone 5 discovery. He’s getting paid $300k according to the ann rpt and has close to $3m worth of shares (at least before the capitulation)... chucking in 10 years worth of wages in his situation tells me all I need to know.
MOD Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held