Decade needs to come clean Here is one reason why myself, and others, possibly like Mulli (don't want to speak for him) are not impressed with DEC managment at this time. First off, we've seen games in the past.
More to the point: consider the discrepancy in the Oct 8/20 & Nov 19/20 news releases:
Oct 8: 6000m of drilling was completed with 23 holes in three targets: Argo, Eagle's Nest & "14 oz"
Nov 19: 5975m of drilling was completed with 31 holes in four targets: Argo (13), Eagle's Nest (7), "14 oz" (9), and Kosciuzko (KZ) (2).
How does that math work for you? Between the two releases, DEC drilled an addtional 8 holes for a total of minus 25m. Huh? Furthermore, since the KZ was not mentioned in the earlier release, it would be reasonable to assume it was drilled after the first 6000m. However, we received those results first; weird huh?
Possibly the KZ results were rushed; not once, but twice. Okay, but it still doesn't explain why the drilling between Oct 8 and Nov 19 was for a total of minus 25m. But, why not rush the visible gold seen in the Argo zone? We need an explanation.
To make things stranger, I was double checking the news releases on the Decade website. Low and behold the Oct 8 news release is missing! What's up with that? The October 8/20 release appears on the SEDAR database, but not the website. Hmmm... Also, the 6000m of drilling info appears in the same form on the Oct 31/20 MD&A, so it did exist.
Is DEC doing their best to "hide" the Oct 8 release? If so, why? Perhaps, it is a clerical error/oversight, but at a minimum, they should explain. I would call them, but I no longer trust their word. An official release from the company would have more/some credibility.
In addition, you add the mistake from the DEC partner newsletter that was later corrected. Covid or no Covid, four plus months and counting since the original 6000m of drilling were completed, and still nothing? It's awfully hazy in here, if not darn right smoky.
For disclosure, I have a decent position in the Treaty Creek companies, so I keep my eyes on the Golden Triangle activity. For DEC, I've took swing positions over the past summer: buying at 7 or 7.5 cents and selling at 9 or 9.5 cents a few times. Small gains, but the risk was minimal in my opinion. When the price broke below 7 cents in November, I added positions on many steps down. Still holding today.
I have no problem airing my concerns because I'm still in the green at this time. More importantly, I don't what I have to say here has any influence on the stock price. I like the potential of the Del Norte property, but I'm not enamoured with the way it is being managed.
Please comment