Reyna Silver Corp V.RSLV

Guigui results

[SilverFox75]

I have been told that the delay in providing results is due to a knock on effect going back to November. They stopped drilling for longer than expected over Christmas, drilling progress was slower than expected as due to complex down hole conditions and the whole drill team got Covid. Add to this that the laboratories are backed up and altogether we have a 2 month delay. I was expecting results in May but based on the above it's unrealistic to expect anything until July. All of this I got from a guy who spoke directly to Jorge but I confirmed with another company who I can speak directly to that they are having the same delays and difficulties. Very frustrating but I'm in this to find a mine, not a few skinny intercepts. 

I don't read anything negative in to the decision to drill an additional 5,000m at Batopilas for a total of 10,000m versus increasing Guigui by 2,000m to 12,000m total. My understanding is that while Guigui is the flagship Batopilas may turn out to be bigger and better than anyone thought. 

My view on this company is that they have arguably the best exploration portfolio of any junior and the project is being led by unarguably the best exploration geologist in the world when it comes to silver in northern Mexico. These things are always a punt in the early days but I'm not selling anything until results start to come out and if the results are not good then that's just part of the game. But I'm happy to sit with a well funded company with multiple projects with huge potential.It will only take one of them to come off and we're at $2.50.

[tigris72poo]

That's consistent with what I hear but I still think there is no excuse doing a financing without anouncing the results at hand even if not complete.  If the results are poor or incoclusive, the new shareholders will be pissed off unless they have inside info.  If the results are good, existing shareholders are getting cheated because the financing could be done at a higher price

[goldanalyst]

Why exactly are we hearing this from you and not the company? As was stated early by another poster, transparency is the best policy Thansk for the update by the way....it is material news and should have been reported on.... They may be great geologists but brutal at communicating GLTA

[SilverFox75]

I respectfully disagree. Imagine a scenario where they encounter unmineralised alteration which clearly points towards the mineralisation. They can't say that based on the newly acquired knoweldge they will hit in the next couple of holes. Similarly what if they cross over a heavily mineralised manto which is thin. Many people will see a thin intersection and dump the stock. A lot of people

[rob1237]

Roll the dice...the odds are zero they will hit...im in