GREY:RNKLF - Post by User
Post by
goldhunter11on May 08, 2019 1:52pm
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Post# 29725289
Mother's Day - Sunday, 12 May 2019
Mother's Day - Sunday, 12 May 2019In the 8 May 2019 NR, RNX announnced that the purchase option agreement has been extended until 12 May 2019....noting that 12 May is a Sunday/Mother's Day. Presumably, they need the extra day so that on Monday they can finalise the deal through working over the weekend, etc...But, MDV has a nice ring to it, since it would pair well with FDV, 7m above it.
It would be my speculation that they have been blasting their way through the area, since MS said: "Development is now sufficiently advanced to allow mining activities to begin this month underneath the Father's Day Vein Discovery on 16 Level. This development will target a 1,406 g/t intersection sitting just 7 metres below the Father's Day Vein area."
Perhaps, they/Kevin Small already saw coarse gold everywhere after blasting and hosing down the area with water (Henry Dole knew how to do this), but they want to play coy and pull the radio silence stunt until Mother's Day, then to announce the discovery of MDV..and the finalisation of the deal on Monday 13 May 2019.
If they have not done any such blasting, then they should start poking around, there is a window of 3 days to create some potential firework display.
Just wondering how the discovery of a MDV would affect the finalisation of the deal (RNX would get a better term from Westgold?, or Eric would want to increase his holding from 10% to 20%?)
GH11