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miki29

700 Posts.

03/03/16

15:21

Post #: 17179016
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Originally posted by PennyP ↑

Not a bad announcement given EM is only really for target generation. So they have identified a good target and need to drill it. The real results will be after they have actual assays from RC drilling, which will need more cash to be raised.
I do have a small problem with transparency of competent person in these type of announcements. John Stockley is a director and did this announcement so its the pot calling itself black in my opinion. See Table 1 JORC code if not why not explanations.

I would rather see a third party expert consultant do any JORC code compliant reporting.

Not to sound negative but just looking at the facts.

P

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Er! Der!!! Penny,

How much more cash than the $4,000,000.00 plus they will have after the completion of the rights issue do you think they will have to raise?

Your post is as ill informed as Yubbedubtub's where he stated that Winston is not Sengida.

Miki

TRL Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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