A few take aways from today's Quarterly's:
- Did people know there was a drilling campaign underway this quarter? I remember there being some people wondering because PGM had allocated funds towards it in the last quarter's cashflow but I don't think it has actually been mentioned in any announcements. Anyway this quarterly confirms it was and it's already complete so we should expect a resource upgrade in the next 2 weeks.
- The question about the cobalt/nickle is finally put to bed. They are accounting for mixed co/ni by product from the processing of the scandium. Perhaps they have a DSO in mind for it.
- The Munni Munni enigma remains at large with their vague update hinting that ARV are intending to earn in still but as of yet have not. Well that's how I read it.
- No update on the discussions on Skaergaard, safe to assume they amounted to nada.
- DFS on track for the end of the year but cash is rapidly running out, making me think Nolan's first port of call will be to raise. If only we knew what was going on with MM. We could sell it out right to give us the funds.
My thoughts are that Platina seem to be moving along slow and steady ticking off the boxes but their communication with shareholders is simply woeful. I struggle to see how they can hope to attract investors when the ones they currently have are left in a perpetual state of wonder about what is going on. My hope is that CN will be better in this regard. Can anyone speak to what he was like at SYA?
I also want to put a call out to Oly. Has anyone heard from him? What are his thoughts on all this. I miss his insights.
Finally Corey Nolan if you are reading this, Welcome. We the PGM sharehoders are an awesome bunch of loyal believers and we have big hopes for Platina. We really hope you enjoy your time with us and we will support you through thick and thin. Please do your best to realise the potential we all see in PGM and we will do our best to help.
All the best everyone.
Cheers,
DMac
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