RE: Placing makes sense.30 Sep 2025 18:03
We are all on the same page here ( genuine investors ) ignore trolls..
We would like to see RED SETTER to come on BIG and I believe it will.....today's placing has cast doubts in many rightly so....the doubt in my case is not whether we will make a discovery or not..I think we will....rather for me and some others is ... why mislead investors...if a company says they will expand after raising they should do so..today is the 3rd time they have said the same thing I,e expansion...
I have said it ..and I truly believe it...we will go on double shifts and or rigs...
One thing most would agree on..is the fact ... we are taking far toonlong to drill one hole on single shift...
If I was to give benefit of doubt to company....then I could say say....the June raise ( 1.75m ) was suppose to drill previous holes and if needed expand to possibly 800m 900m 1000m...and then possibly drill another hole.......as we know..hole1 went deeper...to 777m...and plans changed new hole was drilled from scratch....
Now the second raise... expansion could have been...drill hole2 to possibly 1000m re enter hole1 and possibly another 1 or 2 holes...all thiscon single shifts....imo at this point they never took double shift or 2 rigs seriously...
Now after seeing hole2 success....they finally woke up and know window is closing ( drilling ) and they decided to fast track double shifts and 2 rigs...hole2 success has justified it...
Most of us have always said hole2 will end up being better...than hole1...and it will imo....I also had thought hole2 would end up being the best as it was going to be drilled at centre....we know it wasn't drilled at centre.....what this does..is..it gives us to expand and hit sweeter spots....
My take going fwd..
In next day or 2 we will get update from hole2...breccia pipe....has reached with success to such and such depth....then we will be given further 1 or 2 updates on hole2.,,
Once hole2 is finished....we move to finishing hole1 drill hole3 and or hole4 simultaneously on double shift on double shift....by roughly mid Nov we should finish these next two holes.....amd thereafter drill 2 more holes....which should take us towards mid to late December.. if we are lucky they might be able to squeeze in 2 more holes ....be they take break from drilling.....I between we will be getting updates on assay results.......
In short 6-8 holes finished...and plenty of cash for new season.....and be4 new season starts.....JV announced...,
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