4th drill In Lion's latest MDA they mention the 4th drill which they contracted. At first I thought I might have missed mention of it in one of the news releases. But going through the news releases there is never any mention of this contracted rig.
And there's the problem. The "problem" not feeling he has any obligation to keep the shareholders up to date. In fact he doesn't have to in a legal sense but wouldn't you as a shareholder want to know a "little" thing such as a drill rig be added?
Don't get me wrong - I'm happy they have contracted a 4th rig. A move they should have made long ago - and it's a good sign.
Maybe they found drill rig#2 wasn't able to go deep enough. Who knows since they will take their time in telling you. I also note they don't mention how deep rig#4 can go. I suspect they just very recently contracted the rig.
Having said that the set up for this once in a lifetime project is looking pretty good. I feel some good results out of Banana Creek would be a game changer and turn the tide never to look back. Either way the news flow should ramp up in the future..........or we wait for MDA's.