GREY:SLKEF - Post by User
Comment by
millrighton Feb 26, 2008 8:13pm
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Post# 14550421
RE: Point #3
RE: Point #3cadomin,
You regurgitate another morsel from the MD&A:
"As per page 9 of the md and a, "During this quarter (Oct 1 to Dec.31), the corporation mobilized a THIRD DRILL to the Langmuir Property, which will be employed to complete deeper drill holes in the excess of 600 metres in length"
Well Hoop-dee-doo! The drill was mobilized sometime in the 4th quarter, and will be used presumably in the first quarter of 2008. It couldn't have been in the 4th quarter as management disclosed on December 28 that two drills had been engaged in 2007. You'll remember Darcell, who is not given to exaggeration, said multiple drills were active at the time he reported - multiple sounded more impressive than two.
Cheerleaders have beem talking about the ramp up in drilling since last spring. Management promised a ramp up with additional drilling rigs by the end of summer. And you think it is big news that they had "mobilized" one more rig in the last quarter so it "will be employed to complete deeper drill holes" sometime in 2008. Sounds like you've uncovered some more poor performance cadomin - are you working for or against Inspiration? These delays in getting the drilling program ramped up may explain the concern over getting those funds raised by flow through shares spent in accordance with regulations - that's been mentioned a couple of times now.