GREY:YSSCF - Post by User
Post by
vijay99on Feb 03, 2011 9:26pm
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Post# 18073346
Can anyone comment on this?
Can anyone comment on this?
Aldershot's first drill hole was 'blah' and informed Strategic Minerals, their JV partner of this. I went through Strategic's past releases and they include developments with subsidary (Alpha) in their quarterly report only. I was a bit alarmed seeing it on the Jan 31st release, but it just happens to be when they released their quarterly activity report for the new year.
Those drill results would not take 5 months to report and were likely submitted to Strategic Minerals in October/November and not released until now which was their latest quarterly activity report. The info from Strategic Minerals said a second drill hole is yet to be determined and at that time no further data/decision was available on a second drill hole. Come on guys, do you think ALZ would take five months+ and still not have the mineral data to make a decision on further drilling from one drill hole? Hence why I think we are in the midst of new drill data...
Then Fast foward to Caddy saying on Christmas eve that ALZ is trying to 'divine' the meaning of the results. I highly doubt, these were the results they were trying to divine! It is likely that Aldershot continued drilling but have not yet communicated the results to Strategic Minerals, or us shareholders for that matter.
Credence is lent to this scenario by the fact that Aldershot 'all of a sudden' has a Nickle/Copper project when the results from drill target # 1 indicate nothing could be further from the truth. (Website amendedment on Jan 24th, 2011) Basically, drill target # 2 explains the new project shift, and we are awaiting the results. Aldershot would not have made that project definition change based on drill results from the first drill hole and are likely basing it on some new info that we are not privy to yet.
Otherwise, I dont believe these guys are being dubious, and would not have reported that activities have ceased. Since it is still going on, they have not yet presented the data. Mind you some companies do provide updates, not sure why they chose not to?
Rip me to shreds please, I know i have rose colored classes when it comes to these guys, so I want to make a fair evaluation.