No need to point out the obvious (per your copy/paste from Sedar) as you tell me, but please tell us, why did Bell proceed to move to K5 when it clearly states that the initial IP failed? There is confusion per past NR's (in reading between the lines) as TM was originally going to head east 1.2 km's to letter "A" (K5) from K4, then a change in plans had them beelining SE to letter "B" (K6), then another changeup in moving back to K5 happened to supposedly "fence off" the structure (for those confused by these letters see the Kabba pdf on the website).
We know how that long drawn out story has played out as all we have to show for it is 2 water wells, at least them Sonoran Desert Tortoise's won't have dry mouths and the ranchers/BLM are taken care of...
Summer 2006 - Induced Polarization (IP) geophysical survey. This survey failed to reach through cover rocks (drygravel) down to depth of bedrock target.
June/2006 - "The initial phase of this ground-based electrical survey consists of 10 kilometres of line survey. The spacing between electrodes is 300 metres, permitting a maximum depth of investigation of approximately 800 metres."
Need i remind folks that K4 reached bedrock at 101 meters. I'll repeat, they've stated in this previous aeromagnetic NR (directly above) that the IP was good down to 800 meters, were they anywhere close to K4 with this initial IP survey?
Something is not adding up in flying blindly on autopilot when a downhole IP at K4 would have told the story saving mucho time and money. I realize these are all after thoughts in hindsight but we could have had a discovery in our hands months ago drinking champagne if things would have been done properly to begin with.....no "spin job" would have been needed and we'd be all happy campers financing at much higher prices in getting the Macquarie monkey off our back. No "Spin" of the "Old" to make the "New". So tell us, who do us long standing shareholders hold accountable?
And also, this is the 2nd shot at this, why did they do a downhole IP in K6 as opposed to K4 seeing how they are much closer to the new target area in K4? I'm all ears and would love for TM to explain all this but he is unavailable for comment - or so we're told. Of course, i'm sure i'll get "flack" for being an armchair geo yada from the Vboyz who've shown up recently. If this board is a good sentiment indicator with the market at 0.175, i think our reasons are darn well justified. I see BMO made an appearance today with some crosses, this needs to continue boyz., get out there pounding the pavement selling this story.
I was of the understanding that the technical releases were aimed towards the majors and institutional crowd, Bell really needs to get back to their roots in putting out detailed news releases. Why confuse the market introducing the letter "A", why not call K7A....K8. If K7 is chalked up to another scouting/geology hole - so be it - there's no reason to hide it in moving on to your next hole with a K7A descriptor. The market is not impressed.
If anyone knows the answers to these simple questions please post them...
At what depth did Brown reach bedrock with the rotary rig in K7 & K7A?
(i've got an approximate number for K7A but i want confirmation....my inbox is open if you'd care to go that route)
With the 44 core rig, how many meters were drilled into bedrock in K7 & K7A?
How far and in what direction is K7A in relation to K7?
For a retailer who has followed the progress of Kabba (Bell) rather intimately (like many others), the more information released to the market the better - for those that won't take the time to try to understand the technical aspects - then that is there problem. And hey, i'll be the first to admit i know next to nothing about geology etc; but i can sort thru the BS in piecing together the simpler things. We deserve a bit more respect than being lumped into the "dummy down" camp, i've been a big time advocator of "the company" being more transparent and they have gone the opposite direction for quite some time. This past K7 news has been one of the weakest news releases that i've ever read, at least with the technical releases i/we can follow along to some degree in being "filled in".
In saying that, i can also understand the need for Bell to quietly go about business in capturing/swapping more land in not tipping their hand in releasing the bottom hole technicals from K6, but to not step up to the plate now with full disclosure is unacceptable (ie. the K7A crappola). I've done my due diligence to my best abilities and can probably tell you what section they're drilling in, i don't harp for maps/diagrams to be a pain in the butt - this is the norm for junior exploration companies - guiding the market in this same context is of outmost importance. So where is some new Kabba info (diagrams) for us to bite our teeth into as the stuff (pdf) on the website is, well, just a tad south.
If the company was more transparent with NR's and in speaking with investors in a clear and consise manner (by phone or email) they wouldn't have shareholders breathing down their necks at every turn. These boards are a good tool if used time efficiently & effectively, i'm not into a pizzing match Kimba and others (and we see you popping in to shut us up), trust me on that, as i've got better things to do with my time and i'm sure you do as well...
Bring on a discovery at Kabba and lets put the past to bed.
Cheers!