Hi guy's just thought i would let you know i'm still here. I have been too angry and shocked to post since those MAL 2 results came out. I'm still contemplating how i could have made such a mistake on this punt. Having sold all my BTR and AGO shares, laughable not. Now where is Saltwater hiding ?
However all is not lost, IMHO oversold terribly, i guess once the MAL 3 results are out we will get some direction on the next logical step by the company. It is in their best interests to get this moving forward and the SP up. Paige has a large holding in this, i just hope they have learnt a valuable lesson from all of this and do not make it again. I know porphyry deposits do take time to find the mother load but i believe we were all sucked in by that 255m significantly mineralised intersection which was what - nothing ????? evident by the SP surge as well. Being a new company this has done the company some serious damage, investors in this current market hate delays and BS - whammo
In the recent update MAL 3 was only drilled to 200m due to drilling conditions, not holding my breath for any sort of fantastic results from this. Punters probably holding off for the moment, plenty of time to get in even at this low MC. I did like the last bit though, gives hope that they may move closer to the Porphyry if there is one.
"The occurrence of intense pervasive argillic alteration on the west side of the breccia zone supports the general observed dip of the breccia. This is significant as it indicates the “up flow zone” of the hot hydrothermal fluids is from the west dipping possible mineralising structure. It is interpreted that the mineralising porphyry could be located down dip and west, towards the Malau and Irak Prospects. (figure 2) Drilling to evaluate several high grade gold-copper skarn targets associated with a mineralised porphyry system at Irak is highly recommended."
QRL Price at posting:
7.9¢ Sentiment: Hold Disclosure: Held
