George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Nice find. Chairman has gone to Canada to check the cores so logically you'd think they'll update the market quite soon.
Paola Rojas (a very interesting individual, CEO of Synergy Resource Capital & someone whom Darren follows) tweeted earlier this week asking: “Tell me you’re bullish on nickel without telling me you are”.
In response, and rather intriguingly, Darren simply tweeted a photo of the boxed drill cores from our latest campaign, with no caption and no words. I’ll leave you to draw your own inference, but I know what mine is!
https://twitter.com/paola_rojas/status/1591581700789702656?s=12
Ying and Yang Levi :) fair point...
'quite like the facial expression'
Yep I remember the expression last year when he was grinning all over his chops in the live proactive. Just remind me what came next :-/
quite like the facial expression...very pleased with that core.....
Geo flying over....
For what its worth I think its all fine and dandy.....
In fact could well be mega news coming....
ATB
https://twitter.com/StockBoxMedia/status/1591778052618715136?s=20&t=08-wAz5-c8JYbhJcDPBfNA
Sorry I don't buy that Metalhead.
For such an important drilling plan a geologist needs to check and log them if only to give them clues where to drill next if they are decent.
What surprises me is that the geologist was not there to oversee the removal and correct storage of cores.
Do we even know we got beyond Awkward. No we don't and we are not worthy of that information.
Fingers crossed anyway.
People would do well to remember that of the three targets drilled:
- Panther has already hit substantial massive sulphides at one (Wishbone)
- We’ve seen core photos showing sulphides at another (Awkward)
- The third was drilled before Panther’s time and produced sulphides which were not assayed.
This is not your average shot in the dark. If we have geologists flying half way round the world to look at the core, it’s likely to be because it’s worth looking at
Maybe the Chairman doesn't like firing people via WhatsApp.
Give it a rest. The Chairman has flown out to Canada so something is definitely up, lets see what happens this week.
All bluster and little delivery
The question remains
How can any new potential investor have confidence in Panthers CEO?
All credibility has been damaged and the constant failings and spin damage it further.
I prefer promise little deliver more too bitcoinbuyer but with the drilling plan we got the exact opposite.
To be fair though with the raising he had been saying he would do little bits when needed but then delivered more in one go so cudos lol. Right I will take my tongue out of my cheek now :-/
Point taken , lets wait for confirmation.. Hopefully good assays will go some to regain credibility...
I do prefer... promise little and deliver more approach.... and a time line set out for what to expect....
Rupert Verco At Cobra resources is a good example....
Bitcoinbuyer you are missing the point 'again'.
The amount of money we raised was for a very specific drilling program which took in 5 prospects.
It's entirely plausible, although Darren would rather hide under blurry statement on a very short video, that we only drilled 3 of those targets and fell some way short of the proposed 3000m.
He also says in the video there is no plan to go back and drill what wasn't done when the snow compacts?? Really!!
So the point you are missing is why did we raise so much at the bottom of the market for a drilling plan if some of the targets weren't that necessary to do immediately.
Ahh but we were told this was the best and cheapest way and as a junior we were doing things differently and puffing his chest out that no other junior had such an audacious plan.
The fact that he is hiding exactly what we have done tells me everything. He is making a habit of this just like when he stopped communicating after the raising.
He is not filling me with any confidence so can only hope one of the drills we actually got through does hit something or the market will take it badly and his credibility will be well and truly shot.
I wouldn't be surprised if we hear something along the lines of we decided to save some money to drop a hole at Manitou Lakes.
Stan.. Your assumption is a bottle half empty guess..
Minnow exploration is a gamble... you have to take the rough and the smooth...
I understand your angle , just uncertain of your reasons or the constant negativity on this board.
Are you underwater ? do you want in cheaper? are you just plain unhappy....
Maybe a Sativa pipe off the wife for Xmas.... :)
ATB
bitcoinbuyer
I’m not surprised you love Paul Johnson and Ben Turney, no doubt they love shareholders like you.
We didn’t raise funds at low levels for doing the drilling in 2023, delay was not in the plan and it’s not an excuse.
By supporting a jam tomorrow approach which in 99% of cases never comes.
The funds many not necessarily be there,
The drilling companies are not stupid, they will have had weather risk as part of the contract,
When it’s too dangerous/difficult to drill, it’s on you as the client for the costs as you commenced the works fully aware of the historic weather situation.
I would expect we have paid for 5 sites, regardless if only 3 have been drilled.
This is a complete disaster and the CEO needs to do the right thing and walk away.
The track record of Panther so far in Canada has been blunder, muddled and the plan changes like the wind.
It’s been a failure and it’s turned into a pure gamble.
Levi JP and Stan... If all the drilling is not completed due to the weather conditions... the funds are still available too
complete at another time... you have to make decisions and these can change
I maintain I like Darren's approach and as such invested accordingly....
Back into Bitcoin today in a big way...... See the phoenix rising 2023
Your comments bother me not...Ying and Yang.... work in Harmony and we shall see who is right 2023...
For the record love Paul Johnson and Ben Turney... Trail Blazers.... With our Darren
ATB
Will we actually get the assays this time?
The track record of PALM suggests it’s in doubt
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 :-/
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.
"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.
*spelling Correction, pump not dump
I forgot to add.
I hope Darren makes a success of Canada but his track record so far has been abysmal
Correct levistubbs,
Darren’s used car sales pitches are the least of our worries as investors, it’s hos bad actions and decisions that have severely damaged shareholder wealth creation and will put off potential investors.
Despite his earlier claims, there can be no doubt that Darren is no different to the likes of POWs Paul Johnson and KAVs Ben Turney; raising money badly, doing bad deals and spinning negatives as positives.
A dose of honesty would do his credibility the world of good.
Not only has he raised finances on bad terms but the reason for the raise has not been achieved.
It’s a complete and utter failure.
A few of us on this forum stated they where drilling too late; that Darren had gone radio silent after the raise; that they where risking problems drilling upto the winter.
In some ways he actually got lucky the snow came later than usual.
I hope any holes drilled so far are stuffed full of rare metals we can all look forward to early retirement.
However reality tells me the lack of a credible drill programme, a lack of geological data, Darren a master of dump and spin, etc points towards a year of terrible disappointment.
You want a competent CEO, not a chancer, not a blagger.
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.