Salary reductions. That's the only change I see, besides "reviewing" of other opportunities (which every spec company seems to be doing right now. VML hasn't found anything for months and has about $13M to spend). Less of a minus does not equal a plus. These "new opportunities" better bring about a change in company pace and disclosure.
I am surprised to see Gladhammar and Tunaberg still in there. Tell us the facts of what has been discovered please, withholding unpleasant knowledge has hardly helped the market valuation. I recall a magnetic survey being announced in Jan 2018? What else has been done besides the initial site visit in 2017 and assessment of historic cores? It was Gladhammar that originally piqued my interest in BMT tbh (remember 2% Co grade in historic mining, and 0.21% Co and 7.8% Cu in core samples??), yet we've heard nothing on actual progress there since Sep 2017 (!), besides expanding the licence area. Please correct me if wrong.
The Lainejaur section quotes the state of affairs as it stood in Feb 2018, which is almost this time last year. The tasks involved do not seem weather-dependent: "The available records indicate that the three identified anomalieshave not been properly tested and remain valid targets. Further work to be undertaken includes investigations to collectthe full historical drill hole data from the regional drilling around the Lainejaur Nickel-Cobalt Project, assessment of theuse of base of till sampling methods, and ongoing interpretation of historical geophysical and drilling data sets to firm uptarget generation". Nearly 12 months has yielded what exactly?
Again, Skuterud: The soil program was complete in August 2018, yet five months later BMT is still thinking about "Further assessment required to generate firm targets includes mapping and interpretation,investigation of additional geophysical methods to aid in target generation (e.g. IP and airborne EM) and infill soilsampling."
BMT has two experienced geologists on the payroll. If the above projects have shown to have little promise, and a decision made to not proceed with work on them, that needs to be communicated to us, the company owners.
- Forums
- ASX - By Stock
- Ann: Quarterly Activities Report & Appendix 5B
Salary reductions. That's the only change I see, besides...
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BMT (ASX) to my watchlist
(20min delay)
|
|||||
Last
24.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $82.46M |
Open | High | Low | Value | Volume |
23.5¢ | 24.0¢ | 23.5¢ | $68.81K | 286.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 23.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.5¢ | 25000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5464 | 0.285 |
1 | 3369 | 0.280 |
2 | 56473 | 0.270 |
3 | 23957 | 0.265 |
1 | 300000 | 0.260 |
Price($) | Vol. | No. |
---|---|---|
0.290 | 15000 | 1 |
0.300 | 50000 | 1 |
0.310 | 96774 | 1 |
0.320 | 8200 | 2 |
0.325 | 118476 | 3 |
Last trade - 15.13pm 18/11/2024 (20 minute delay) ? |
Featured News
BMT (ASX) Chart |