Spur Ventures Inc SPVEF

Relax

[touquoy2003]

There certainly seem to be quite a few impatient investors who have sold this stock after conjuring up countless reasons why a delay must mean disaster.
The reality is December /January is the Xmas period and things take a bit longer than expected and if you are using contractors you are at their whim with regards to deadlines and in any case the delay is of little consequence in practical terms to all barr the few thin skinned investors who expect everything right now or i sell my stock and move on to the flavour of the minute investment.

The company stated they are waiting on information from their industrial consultants so that is a perfectly reasonable reason why there is a delay into January and no reason to throw your toys.

In all probability the new LOM will be as expected incorporating the 850,000ozs with similar costs etc to Touquoy so nothing too exciting in the way of new news but will be very important for the brokers following the stock when they update price recommendations.
There no doubt will be quite a few investors sitting on the sidelines awaiting the new LOM announcement but the more significant announcement is likely to be the production guidance for 2018 as this will provide the certainty for those investors who need all the i's dotted and the t's crossed before they commit funds.

The management of this company are very methodical and risk averse and proven operators with a track record of success and in a high risk business like gold mining those are very good traits to have and this means the chances of a nasty surprise are much less than for many of the other Junior Mining stocks out there that don't have the same fundamentals that AGB has.