A LITTLE BIRDIE TOLD ME---UPDATEThis is an update to a previous post of mine, on March 20, entitled:
BIG BERTHA ARRIVED to test DEPTH.
Now you'll have to go back, and review the chart I painstakenly "drew up".
Also review my points on the back log of drill cores in for assay at Red Lake.
It is very interesting that two drill holes, ONLY, were announced in the News Release dated
March 15.
Of note in particular---was hole SP 11-040---remember this was the fill-in hole with the great results,
which was drilled in an area/spot where GCU wasn't really expecting to get such great results.
Surely, if this was the assay hole that started/caused the breakout upwards of the share price----
certainly it wasn't the other hole that was announced, then think of this senario:
A Little Birdie Told Me Told Me This, and as you all know I love to extrapulate---so extrapulating I will
go!!!
NOTE and I emphasize that the following is an UBSTANTUATED 'story' BUT in hindsight it makes
perfect sense.
In past history, the late great Michael Levinson once made an error in reporting the assay results of a
hole. The exact details don't really matter any more, and almost IMMEDIATELY the error in the
News Release was quickly rectified-----BUT----I remember distinctly, the result was that GCU's share
price droped markedly, probably due to sudden lack of trust in GCU's reporting integrity.
Lessions are hard learned, but NOT FORGOTTEN by GCU's management----especially by Akiko
Levinson, a very smart lady with the mind of an elephant.
News Releases are very important, closely monitored, and regulated. They are by definition, now more
than ever conservative---remember Sgt. Friday "Give me the Facts Maam---Just the facts!" No
unsubstantiated details, no forward looking statements etc.
Hey, mistakes can still happen, people are only human, and it can be of NO FAULT by the company---
IE. GCU. Hence, great care is taken..
O.K. I know, Barn Breath---"GET on with IT!"
SUPPOSE, and I REPEAT----SUPPOSE:
You are GCU management, and you receive an assay report on a hole from the trusted assay company,
that is TOO GOOD to believe---even though you want to believe---and you know that if it is released to the
public it will/should impact the share price greatly. You really believe that it will.
The DELIMA you have is, on one hand you do not want to delay in announcing the news---BUT------
on the other hand knowing the consequences, you want to be ABSOLUTELY sure that the assay on
the hole is 100% correct. Hey, like I said, mistakes happen----maybe they the assay company
somehow sent you the wrong core results---some other company's drill result----maybe the assay
company didn't do a good enough job, and messed up with the assay process---who knows---
Why ASSUME?
Well what do you do---remember, I said YOU were in CHARGE!!!
IF I BARN BREATH were in charge (heaven forbid) I would want to ERR on the SIDE OF CAUTION.
I'd take & make the CONSERVATIVE, CORRECT DECISION------
That is to send the drill core BACK to the assay lab, and tell them to double check---REDO the ASSAY
OVER AGAIN to EASE MY MIND and make DOUBABLY SURE that the ASSAY is 100% correct, before
I put it in a News Release!!!!
Narurally I would pay the extra dough, and put a "RUSH ORDER" on it, so that the results weren't
held back/delayed unnesassarily---make sense to you? It makes sense to me, because I would want
to be !00% sure of what I was doing!!!
SO suppose I am RIGHT (for once) and SUPPOSE (I am not saying it did) this senario actually took
place!!! AGAIN, SUPPOSE---I don't want to get into trouble with my extrapulating----this just happened
to be the aforementioned HOLE---SP 11-40?
So what, you say! What does this mean?
Well IF SO, then this hole is absolutely correct---I'm not saying it wasn't in the first place.
BUT it means that in two weeks since MARCH 1st. really only one hole was assayed really of the TWO
holes announced on March 15th. Follow my drift so far?
Thus the drill holes are really pulling up in Red Lake---remember the first come, first served rule?
And that means that we are due SOONER THAN LATER for DRILL RESULTS----breaking methinks
Scoutaz's now famous "TWO WEEK PRINCIPAL"----and methinks we will have more than just two
holes announced----gotta catch up you know----if NOT then FIRE (no pun intended) the assay lab
in Red Lake---and get and HIRE a better and faster, more efficient assay company SOMEWHERE
ELSE!!! I'm FRUSTRATED---You SHOULD be FRUSTRATED----and SURE AS HECK I BET THAT
QUINTEN and the good folks back at GCU HEADQUARTERS in VANCOUVER must be REALLY
FRUSTRATED--- I know my "buddy" Scoutaz is FRUSTRATED!!!
So, LET'S GET ON WITH IT---results while we are still young!
Extrapulateingly frustrated, but still notoriously yours, the breath---BARN BREATH
GLTA longs---stay the course, and stay in the GCU Market. Our time is near!