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https://twitter.com/StockBoxMedia/status/1590695351954161664
Fewer drill holes due to slow but very pleased with holes so far.
Other than that 3mins 40s of BS
Apart from saying they’re very pleased and that the reports from site are positive, he’s keeping cards pretty close to his chest. However, various things lead me to think we’ve got something. There’s the reference to the geologist flying out to look at the core (only worthwhile if it’s really worth looking at). There’s the reference to working out how they’re going to take Obonga forward from here (to me implies an expectation that it may well be possible to bring in a partner on the back of these drills if desired). There’s the fact that we haven’t been shown photos of the Wishbone core. I have a very good feeling
I agreed with everything you say.
The share price was deliberately suppressed on Tuesday and Darren is giving nothing away today which is kind of difficult to sell to existing and prospective investors.
Earlier in the year, the company didn't handle the Wishbone assays very well and I guess they want a moment of reflection to analyse results and decide next steps.
Very disappointing after busting a gut to raise at the bottom of the market to then not complete the drilling plan. Credibility still on a knife edge Darren.
I am not sure the geologist going out proves anything. The question I would have is why hasn't the geologist been on site while they have been drilling.
Jury is out for me but I hope to be proved wrong, correction I need to be proved wrong.
The CEO is clueless
Awful raise, awful drilling programme, awful year
New CEO needed at Panther
Stan, your entire contribution to LSE seems to be slating CEOs. Not sure what your agenda is - either shorting or massively disgruntled and not able to see that talking down your own investments isn’t helping.
Yes it’s a bit frustrating that the programme wasn’t completed, but it may turn out to be a good thing. My understanding is we drilled Wishbone, Awkward and Survey. If we have good results from any of them, that could affect what the best thing to do next is. And, if we do decide to drill the two remaining targets, the drill pads are now set up so it’s an easy operation
But that is rubbish Metalhead, we had a big raising for a very definite drilling plan which was laid out in full detail and it has not been completed. I want to know how much of the 3000mts was completed and what targets were not done as the plan laid out and it should be set out in a RNS, not in a short video.
I would suggest he has been very lucky in that the snow did not come earlier or there were no drilling issues.
Were 6 drills done at Wishbone, 3 done at Awkward. We drilled for 2wks so can't imagine we have done a whole lot of that proposed 3000mts.
Metalhead25, your entire contribution to LSE seems to be pumping bad shares. Not sure what your agenda is?
Mine is the obvious one - I own the shares, think they are undervalued, and like discussing them with other genuine holders
I've averaged down recently and are torn between pointing out Darrens inadequacies and talking up the prospects because both are true.
Immensely frustrated with the Obonga comms and that lies fairly & squarely with the CEO.
Awkward or Wishbone can be company makers and that is the gamble.
Indeed they could JP2000 but if they are not then we will be left wondering about the prospects that weren't drilled. But we don't know what was drilled or what wasn't.
Were the full 6 holes done at Wishbone and 3 at Awkward. If they were then they were done at lightning speed. But that's all academic. We raised for a dedicated program that was not completed but lucky for Darren enough to spin it a success. If the snow had come a week earlier where would we be.
Hazelwood has turned in to the car salesman that he looks and sounds rather than different to the rest CEO he set himself up as.
I hope you are all ready for some mega assays here....
So undervalued and so much upside... lots of critical minerals @ The Obonga greenstone belt.
You can all keep talking Darren Down... All Be humble pie if the truth machine hits...that is if you are holding any stock
All pie in the sky white noise ...until the results come just relaaaaaaax its Friday
ATB
bitcoinbuyer you are totally missing the point.
Let's hope you are right.
I am not talking Darren down, he making a good enough job of that all buy himself for anyone who can see the wood for the trees.
I get what you are saying Levi.. his vocabulary is not the best and that does let him down....
But no one is perfect.... my take.... I love the **** or bust go for it attitude....
Drilling and discovery is where the money is..... There is a a fair bit to back up the current SP....
Few shares ATM and a small market cap..... love it ...
Have great weekend . everyone.....
I think it’s a very fair criticism of Darren/the company that they took a risk by starting the drilling campaign as late as they did. However, I don’t think the outcome is bad at all. We have core from three of the targets and a chance to take stock on what best to do next
Again bitcoinbuyer missing the point. It's not his vocabulary letting him down, it's his actions and credibility.
That big raising was for a very well laid out programme and we were told it needed to be that way for cost savings. But the programme came up short.
How can you trust you are going to get all the assays when we don't know what exactly was drilled.
If we are saying it didn't matter that some didn't get drilled then there was no need to have gone the whole hog with the raise. But it was obviously important to drill them all at the same time and they didn't.
If we manage to find something all will be forgiven no doubt but at this moment in time there is no getting past another goolie dropped by the increasingly fallible Ceo.
"Our aggressive plans to drill five separate targets containing multiple anomalies flies in the face of conventional thinking in today's junior exploration sector but this approach offers extraordinary upside combined with the most efficient use of capital"
Yes it flies in the face of conventional thinking even more when you start when snows are due.
Stan I am still not sure we have even drilled the full 6 holes at Wishbone. We started drilling on 25/10 and there was a proactive video on 4/11 saying we had moved on to Awkward so let's say they moved on 3rd Nov so that is 9days to do up to 1200mts. Even with two rigs that is some going.
Mind you we planned up to 3 last time and just did 2. I would not be surprised if we did more than 4 but doubt we will know until the assays come out.
In the ensuing days (of which there were 6 remaining up until yesterday) we were supposed to do up to 600m over 3 holes at Awkward, 600m over 3 holes at Survey, 400m over 2 holes at Ottertooth, and 1 x 200m hole at Silver Rim.
So for the benefit of doubt we say they manage to drill 1200m over the 9 days at Wishbone then in the 6 days remaining until wrap up due to the weather we should have managed 800mts which is Awkward done and maybe one hole at Survey. If that is correct that is not just coming up a bit short.
All supposition I know but as the Yanks say, you do the Math. But it would be better if we were given the full details and not some half baked video.
Levi is correct on the basis of the RNS.
Although:
1) The core boxes generally hold 3 cores each 1.5m so 4.5m. The photo resolutions weren't great but suggested in the region 1200-1500m of core.
2) There were two crews and perhaps they started before the RNS was issued. Darren has posted twice on twitter recently when the information was old. Think the underlying strategy is to buy time and get ahead of the game.
JP2000 as long as Darren keeps us all in the dark to hide his failings then it is all conjecture but I think there is a better than average chance that we did not drill ottertooth or silver rim.
Of course he could do the decent thing and put out a Rns to say what was drilled at each prospect but I doubt he will.
We will have to wait for the assays and hope we are given them all and none are buried but how would we know :-/