I can't guarantee it won't all end up being wild speculation Ellendale, I don't think anyone can and who knows they could be way off in their beliefs but they've got good people working on the problem.
I'm sure they will be trying their hardest to get a result so who knows and surely we're well and truly overdue for some good luck
Bottom line is they think their ground is still very prospective and it's supposedly considered by most to be a better chance than many other tenements in the region.
This appears to be backed up by the fact that whenever they've capital raised they've never had any problem raising money.
The company is being run very lean and mean despite the suggestions of some on here of long expensive lunches etc a suggestion which is absurd.
For months they've thoroughly analysed all their data gathered over the entire journey in order to maximise their chances of a result rather than just drilling willy nilly.
They are in the process of working out their new drilling and exploration program based upon the results of all the research they've undertaken and they're working in conjunction with scientists to attempt to overcome the EM imaging issues.
So in my opinion they're still good value and while some might think I'm a paid promoter or something, I wish
I personally don't think you can ask any more than the systematic approach they've undertaken.
With all that in mind this is why I still think they're good value on or around this price
Could the company in the past have done a few things better, no doubt but those issues and people were dealt with and are no longer involved with the company.
Could they communicate a bit better maybe but when you're not actively drilling or whatever how much is their to actually communicate?
They don't have a PR person, an additional unnecessary expense and any meaningful updates have to be issued by Ash Hood which takes up his time that would arguably be better spent pursuing our primary goal which is bloody finding something.
Personally I would rather have him doing his geological work than writing an update when nothing much has occurred and it's not hard for the shareholders on here to pick up the phone and enquire as to what we're currently doing.
Anyway apologies for the novel but for what it's worth that's what I think, we are after all involved in a company conducting exploration so there's no guarantees but in my opinion I think we're still a chance and judging by some of the trading over over the past few weeks so do people that are probably a lot smarter than me
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