TSXV:ART.H - Post by User
Comment by
Inveskingon Nov 11, 2010 3:24pm
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Post# 17694448
RE: RE: IR at NKO
RE: RE: IR at NKO...I confirmed the issues myself with NKO.
I don't even think they are currently drilling...
I think they filled the PP at .60, before word got out about the issues, maybe...
I for one sold half today, after holding for a while... knowing that if this goes past the christmas holidays most likely the price is going to drop... also, I think we figured out what scotia has been up to...
I think they needed the $15 million to complete this hole, because the cost overruns they will incur with extending the drill program a couple of months will be huge...
39 meters in a month is unacceptable progress for an investment...
The NKO ceo confirmed 'drilling problems', not 'testing' or anything else... Coming from a NKO CEO, this is bible... coming from a VST CEO, it could go either way...
Shite... I am pizzed but i guess this is what happens...
If they were testing the first 64m zone, the NKO report would have said so as it was an 'operational update' as of Nov. 10, 2010, and it was not mentioned.
I will be watching very close for a new entry point, hopefully a lot lower so i can get a few more shares...
This play isn't over yet, not by a long shot... but it is definately delayed.
This is VERY material info, and as VST shareholders we should be pizzed we were not informed of this standstill...