GREY:CRXEF - Post by User
Comment by
Durkastanon Sep 15, 2010 3:07pm
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Post# 17452186
RE: WHY>>
RE: WHY>>WHY was the C/F be cancelled ??
And WHY havent assay results been made public ?? [ after the NR of Aug 9 re Hole 1 a time lasp of 6 weeks and still no assays.. WHY ??
The answer is the same to both of your questions. The cores had not finished being assayed. This happens to a lot of companies - there's a bottleneck at assay labs; too many cores, too few labs. Also, this time of year is especially busy.
The problem is that they scheduled a conference call under the assumption that assays would be ready. The assays are not ready.
Personally, I'm more interested in hearing about their plans for the future rather than about their results; however, with so few results to date maybe they feel they have to prove themselves a little bit more before talking about the future.
This is just a small delay - delays happen. But I have a longer-term view than a lot of others, so small delays don't bother me. From a trading perspective though, I'd agree with Ahsan that there will be opportunities to get into this at a slightly better price.