Ann: Retraction of Statement in Announcement, page-20

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31/10/18

19:39

Post #: 36339963
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Originally posted by eastwest101 ↑

Yes - they have an unfortunate habit of mathematical mistakes, inconsistent reporting of Co in ppm and g/T when the industry average is in % to two decimal places and some of their drill placement and drill hole orientation is a bit suspect (but it is early exploration days so a few holes to learn the correct drill hole orientation correct is allowed so I do complain about it but its not as glaringly obvious as some of the other typo and basic maths errors). They need to resist the temptation to embellish the story with whacky unusual metals like W or Co as their Cu and Au story is already good enough.

All these silly mistakes do is actually detract and distract from the story that they actually do have some early stage encouraging high grade Au and Cu exploration drill intercepts, with some decent geochem and geophysics generated targets, both in in Cloncurry QLD and maybe at Burra in SA.

I think they need to run the announcements past Matt Morgan (even if he's out in the bush) or another geologist before releasing to the market because at the moment these basic errors would seem to be made by untrained and/or more marketing hype people and would have been picked up by any geologist before it went public.

Still holding a small amount for the excellent ground and exploration potential despite all the annoying embarrassing errors.....

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If people are hung up on this "error" they should get in touch with the co?

The valuation of W is not as straightforward as other resources. Is it possible that the co has not given us enough background info?

Personally I could not give a rats - my focus is on the Au!

AMG Price at posting: 4.8¢ Sentiment: Buy Disclosure: Held
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Ann: Retraction of Statement in Announcement, page-20

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