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01/03/16
11:53
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Originally posted by PoetPlus
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hawks2014, I never feel comfortable ringing a company.... unless one enjoys a personal relationship with someone there and an atmosphere of mutual respect and communication (that has certain bounds of confidentiality) has been established. I have mates who have done this and it works well, but not at MPJ.
If they cannot be clear about what is going on at Pilbara, then they should re-issue an announcement that says it in concise detail. i.e. how may rock chip samples completed and anticipated results date. Not vagaries..
Recent research has shown there is a lot more to this Lynas Find i.e. the northern "E" tenement was "lost" to MPJ, not Found. There must be a good reason for this, a logical one, but would be just good to know it. maybe it is tied up with regulations.. I don't know.
Any holder of MPJO's with only 4 months to run would doubtless like to know that ground based exploration ... drilling, soil sampling and rock chip sampling ...was pressing ahead at max speed right now as we type. By some mutual corporate understanding that permits MPJ to more than just overfly the area. Apparently not. Thanks Tyranna.
That enables at least some results to be tabled... which one naturally hopes will reveal lithium.. given that lithium is the first target metal.
This indeed is far from certain and any hope of understanding which is first priority (gold or lithium) is dismissed with " planned exploration activities at the Pilbara Lithium-Gold Project would be provided in the near future. " Yeah, right.
Fat lot of good that is for MPJO holders.
"In the near future"... Don't hold your breath.
Yes The Stig.. exactly... if MPJ is not worried about MPJO holders, why should you worry either. That is called "aggressive project evaluation."
Feb 4th said "Drilling to commence asap."
asap is apparently after settlement which requires a shareholder approval... in "early April". Is it all too hard to even be specific and give an actual meeting date right now? What are people paid for?
I feel sorry for MPJO holders when this sort of humbug occurs. I always thought that MPJ were a top company and on the ball, but as of now they may still be....but I just need to be convinced. Lithium hype, or no lithium.
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Agreed, Poet, it's completely unacceptable reporting by the co.
I'm hoping the appointment of Ian Finch will bring an experienced business element to the co, rather than one based purely on technical experience, in order to address reporting standards, transparency and other shareholder concerns.
However this open letter to Finch isn't exactly reassuring on that front. Given it was four years ago I'm willing to let him prove otherwise with MPJ. But the bloke needs to step up here, and quickly.