Ann: Retraction of Statement in Announcement, page-21

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31/10/18

21:19

Post #: 36341303
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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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To the untrained eye one could possibly see a similar reporting Modus Operandi here ?

https://www.asx.com.au/asxpdf/20141230/pdf/42vs8qmhtkykpq.pdf

$210k per truck every 15 minutes ? wonder why they are still suspended looks like a world class resource on the face of that !

AMG Price at posting: 4.8¢ Sentiment: None Disclosure: Not Held
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Ann: Retraction of Statement in Announcement, page-21

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History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

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This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game