RE: absolutely what we expected9 Jul 2022 19:01
CB quoted in last podcast,
>>“If we can prove mineralisation throughout this system, we make the project more valuable.”
Proving mineralisation is establishing that any anomalous targets are ‘pay’ with a borehole or two, as we have seen with Footrot, just finding the intrusion, or intrusions was the point of the exercise as it has proved conclusively now it is a mineralised body. Usually, in RNS this would have been followed up with, “we will be following up with more drilling etc.” As that was not the case this time, no it is not conclusive, but just adds weight to project directive we have been told. Also, as will be a drill or two into the gold system deep below Ascot.
Proving mineralisation does not mean going into a 3rd drilling phase. It flies in the face of everything we have been told.
Colin can be forgiven over enthusiastic timescales but not for lying! If is believed they will enter a third phase then it must be believed too that Colin is lying! Either he is a compulsive liar and anything he has said cannot be relied upon. Or shareholders are confident in their belief in that the end of phase 2 would essentially be the end of the exploration programme, as that is what he has clearly implied is their intent. You either believe what they are planning to do, or you don’t. You simply cannot be selective in what you want to believe. The end of exploration is what he has consistently implied since the 12 stocks for Xmas podcast, which incidentally he has not deviated from.
So, It’s fairly unlikely that the other possibility, that he approaches AA with an incomplete model due to ongoing exploration/3rd phase, as that too, would also go against what has been stated is their intent.
Lastly, from the most recent podcast CB clearly said they will inform the market of where they are, once the resource models are ‘complete.’
You can clearly see the importance of all the interviews to support what are essentially sterile RNS. Without them, the market would show an even bigger disconnect, as the obvious uniqueness that the buy-back agreement has created with resource building, unless of course, you choose not to believe anything that has been said.
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