RE: Hypothetical21 Jul 2018 18:08
I think people are being too critical of Bernard he has achieved far more than the majority of resource companies do in a short period of time and for a minimal amount of dilution. We are not even 2 years into the project yet (First concession was obtained 30/08/16) and the project has had a large amount of drilling and has already obtained an offtake partner with Suay Chin. The timing of this was perfect being done while the share price was at a high and the companies valuation had gotten far ahead of itself. Yes the additional placing recently was a little disappointing but I believe without Suay Chin the dilution to shareholders would have been far worse.
All these "suspicions" of prolonging the exploration phase are silly BA is drilling the resource and defining it that's what he is in place to do. The exploration phase will probably go on as long as there are more potential resources to find (most companies are still drilling to expand the resource base and create extra value long after they have a producing mine) The JORC is coming as stated in the previous rns and this should be where those of us who are not Geologist's are able to get a better estimate of the value of the resource which should then be reflected in the share price.
I think a lot of people are more venting their annoyance because the share price is so low rather than because BA is not doing a good job. Unfortunately it got ahead of itself particularly due to the takeover possibility surrounding Birmian and has been correcting to fairer value since. If as we all suspect that the resource here is of a high quality then we just need to be patient and wait for the value to out.