RE: Kalahari drilling15 Jul 2021 12:44
Yesterday evening, as I was catching up on this Board, I noticed a whole host of complaints about the lack of communication Billy.
Now, unlike most, I don`t rate Bird at all, for various reasons that are not immediately obvious to most. However, I can understand the rationale behind the lack of communication.
Let us look at an RNS. Firstly, there are the mandatory requirements to publish one. For instance, to announce a placement, or any increase in a holding above 3% etc. Secondly, an RNS would likely be announced every time there is significant good news (and this, obviously, would likely push the SP up).
Now, bearing in mind that Bird has a very large holding in GLR, I wonder what other news could he have announced that would satisfy you and others? "Drilling progressing as planned - nothing significant to report" (as an example). So what? That would hardly appease investors and might, reading between those hypothetical lines, even indicate a lack of success - etc, etc. What else would you expect from him? A bland RNS, just to let you know that he loves you!!! Please excuse my sarcasm here, but everyone bleating about poor comms are doing so only because they are hoping for good news - and if, currently, there isn`t any, what is there to tell . . . . . ?
As for using XTR to justify your wild `guess` in GLR`s SP prospects - Hmm! Over what timeframe would you suggest?