Just as an update, i emailed management late last night and received a detailed response today from Matt.
I asked a few questions in regards to the AGM, Patto's, news flow, and the potential for gold exploration on their surrounding Gold Road grounds.
AGM and news flow:
Matt was saying that there was no presentation at the AGM yesterday, as all the news that was available to the market had already been released. He is conscious that if he makes an announcement now that isn't in relation to the test pumping results, it will likely be taken as a negative signal by the market and thus he is waiting for the test pumping results to be fully finalised and analysed before taking any further steps. Going for more of a 'lets make it a good announcement with plenty of analysis' rather than a quick announcement for the sake of announcing.
Patto's:
I know
@christophe spoke to management previously about this and got a similar response however i'll update it as i think there's small developments in this space too. Matt mentioned that a small number of Patto's clients were issued shares as part of the Hartley's sub-underwriting. To quote Matt:
"I see from my trading reports that the positions the Patersons' clients held have largely been sold". Phew!
Gold exploration:
Matt seems extremely on top of the gold situation that could act IMO as a potential catalyst for a big rerate in the SP next year. I get the feeling that if the gold price is to spike in early 2017 that drilling and exploration for gold, could certainly be on the cards. At the very least he is thinking about it and on top of the situation at hand, so that is promising. Potash and gold could be a killer combination for 2017.
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