GREY:COLUF - Post by User
Post by
wwadehammeron Dec 20, 2013 11:58pm
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Post# 22029519
When Did They Wake Up
When Did They Wake UpLooking over the NRs for 2013 shows $33 million in financing obtained in Aug and everything on Schedule in Jan thru Sept monthly progress updates. Then the board starts resigning in October and by Nov we're in dire condition. The board resigned because they realized that no more funding was available and they were out of money at the end of September. So they burned thru the $33 million obtained in August in two months. All the while they were drilling everywhere but where it counted. What good are Elefante and Cutia results now? Someone in November finally realized that a NI 43-101 for the CMZ was desparately needed for any chance of additional financing being obtained. Imagine the discussion with the people hired to do the NI. What can you give us with what we got? Nothing unless you drill these areas, and by the way, we can't use the old drilling results. Sh*t, what will it take to get any kind of inferred resource results incorporating prior usable drilling results by year end? Drill additional holes here, here and here and process the results asap. Let's hope it's good.