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A1M, most shareholders in their right mind will vote against the re election of the two retiring Directors. If these two Directors have any sense at all they will fall on their swords and resign before being booted out. MB, I am afraid will live to fight another day but his days are numbered and he should do the honourable thing!
See the Croydon project of Kairos which demonstrates the panning method used to discover new gold areas at that specific location. Throughout the Pilbara potential for large alluvial resources exists where bulk sampling after panning and metal detecting is the way to ascertain gold resources -not drilling. See Novo Resources and all the press on the Egina lag gravels. A company trading about $2.70 a share with about a $500 million market cap last time I looked. The Panorama tenement is showing colours in the pan -that is significant -more significant than getting a few PPB in soil samples . The gold is coming from somewhere and I expect further work will show up nuggets like GGP and hopefully a new gold discovery in the mafics and/or basalts. Most likely structural but we have Mt Roe Basalt as well - the same geological formations that hosted the exciting new gold discoveries by Novo at Karratha.
In the Pilbara there has been a gold rush in conglomerate gold settings and also in structural settings both of which have potential on the Thor tenement at Panorama. Firstly GGP have delineated a 6 km gold discovery which we abut with the Pilbara Goldfields (Thor) tenement. This was outlined using simple metal detectors finding a lot of nuggets -followed up with soil sampling and magnetics. Drilling will presumably follow soon. See the GGP press . To the north FEL -ASX joint venture with MML-TSX they are commencing drilling -and another PGL- Thor tenement abuts. The best geologist in the Pilbara is George Merhi who I arranged for Thor who has an impeccable track record with many companies. His latest work found a lot of gold for Kairos -- https://www.asx.com.au/asxpdf/20191028/pdf/449xy2sxps5zl0.pdf Merhi is an expert in stream sediment sampling which is a highly effective exploration method -as well as metal detectors -to locate gold in the Pilbara. The best example of this is Novo Resources using metal detectors -a company with a market cap of $500 million backed by Sprott -Kirkland Lake and now Sumitomo. The program carried out by George Merhi is just a preliminary helicopter assist for several days to do some streams and it has worked -they have proved the presence of gold on E46/1262. Fellas it has taken me six months to get Billing to even acknowledge that Panorama and Karlawinda even exist -and now hopefully more serious work will be conducted at Panorama. Further results from GGP and FEL might assist put this excting new gold province on the map. Millennium have a big hungry CIP plant a short distance away at Nullagine and if resources can be proven in this belt of country the Canadians will have their cheque book out -the first cheque for Novo was for $56 million and counting- The exploration method is sound -it is very inexpensive and the rewards can be significant. Stay tuned -
Do you think Mick and Geoff took a couple of tinnies and a few sausages to have on a barby whilst they were out panning for Gold?
On company accounts of course!
I actually remember watching some Aussies YouTube channel where he goes off panning for gold, it was inspiring stuff, but he never found any gold that amounted to more than the size of a filling in my tooth.
Refinary yer talking mince, trying to make yourself sound smart. I'm not saying the results are ground breaking but every gold investment I've been involved in has started with panning whilst geologists are in the area.
Aiminvestor you miss my point I can see what the SP trend has been I've been here quite a while. Point being where have you lot been? Popped out the woodwork past couple weeks then a placing lands. Seen it all before. Idiot
All gold exploration does not start with 'simple gold panning'. Commercial operations start with reconnaissance exploration in which satellite remote sensing; geological mapping and seismic techniques are used. In turn, this is followed by detailed geophysical studies and later, a detailed drilling, sampling, assaying and mineralogical study. An RNS based on panning with only one hit out of 44 strikes me as a treasure hunt and hobby mining
All gold exploration starts with simple panning, you dont just rock up to a field and drill holes costing hundreds of thousands of Dollars. Bit of common sense, also where did all the posters come from? Nobody was interested for 6 months now 20 disgruntled "investors" strange
So what does that mean for Mick. A drilling campaign funded by many more placings, probably on a sliding scale from here. Mick's in a job for a few more years on his big fat salary (probably see him through to retirement). Massive dilution (again). Billions of shares (again) then a consolidation (again).
Hand panning!!! You just could not make it up. While everyone is waiting for the transformational deal we have been promised for years, we get a update about what mick and his mate George got up to on their resent walkabout! Focus, focus, focus