AgriMinco Corp ETPHF

RE: RE: RE: RE: RE: RE: RE: Needed those drill res

[aklto]

I think you're right. Management wanted to show the goods by poking some holes and then sell it. Rather soon you could see that they didn't have any experience in the potash business. They bought 2 drills, but didn't know how to make a drillplan that meets the 43-101 rules. Obviously they also didn't know what potash looked like. For that reason they sent too short samples to the laboratory...  "the assay results for holes DAL-005, -006 and -008 suggest(ed) that the original sampling interval was too short; management has instructed the field geologists to re- examine the drill core and extend the original sampling interval into the hanging wall and footwall zones of the potash bearing sequence. Based on the thickness of the sylvite zone intersected in hole DAL-002, -004 and 007, management believes that the additional sampling will identify sylvite mineralization" like they stated in their NR. The best thing they did was engage Ercospan, who made a new drillplan and are now hands on. Starting the company was not as easy as it looked like at Allana with their topmanagement. On the question why they didn't a PP long ago, I think they thought that everything could be proven within the financials limits. Possible they have to PP now   but I think they will try to avoid dilution because management owns half of the company. May be they hope that the shareprice rises after the resource estimate so that they can get money under more favorable conditions? We will see. Hope the results will be good and that they prove up the open pit quality of the colluli-deposit soon. That could change the whole picture.