BBX (ASX) Ann: Quarterly Activities and Cashflow Reports March 2018

Originally posted by Nodferatu ↑

"I believe it was 3500 planned, 1800 completed to date."

Correct.

When someone that claims he has most of his wealth in this stock, and also claims to know more about this stock than most others, it hardly becomes a 'simple mistake'. It is misleading conduct, as many of midnight's posts are proving to be imo.

Approvals to drill the next planned area, the fresh gabbro forest areas at Ema, have not been granted yet - despite what has been said on this thread.

This was said on 20th September 2017:

"BBX expects the RC drilling at Três Estados to be completed in approximately 2 weeks when the rig will move to the Ema prospect. On receipt of the environmental licence a diamond drilling programme will be conducted on an approximate 100m x 100m grid whilst the RC programme is being carried out on 100m centres along available access roads. Holes will be drilled to a depth of 40-50 metres with a minimum of one diamond hole at each prospect drilled to a depth of 100 metres."

They only ended up drilling the areas that don't require enviro approval. That was months ago, and the Q1 investor presentation states the timelines and still it's not questioned by shareholders and no update in the current Quarterly report, nothing at all.... Questions that should be asked, don't you think?

I raised my concerns of the timelines provided in the investor preso and was ransacked as a down-ramper and there were many attempts to discredit me, yet here we are.... with questions unanswered and timelines that many here said were realistic, that are now starting to slip away.

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We all make mistakes, just like you have now.

The exploration environmental licences were granted and reorted as such in the announcement dated the 14th March.
We are waiting on the trial mining licences from what I can tell.

Additionally, Midnight has copped his fair share of criticism from many posters here. Mostly in relation to his estimated deposit calculations.

Given we have just got provisional results from 2 holes averaging 20-30 g/t + over a potential 300m strike and at depths of 40+meteres with holes ending in mineralisation, I personally would say his lofty estimates are proving much closer to the mark than many of the naysayers here who have said its a scam or that nothing will be found.

Seems those posters mentioned above have decided to now attack the chances of the company proving a reliable assay and extraction method. Fair enough.
Hopefully those naysayers will have the courtesy to come back and provide an apology upon confirmation of a solution. I for one wont be holding my breath.

We all make mistakes, just like you have now. The exploration...