Re-focus on good due diligence
Both SH & IHUB boards went quite during January and February as we waited for completion of financing and the new mining law.
During this quite period the boards drifted and lost direction; both boards have yet to find steady footing and direction.
This drifting and lack of direction has caused lost focus and many posts lack good due diligence and insight.
When you are sinking and swimming in BS; it is hard to see clearly.
What do I mean?
Well remember last QTR when everyone was calculating earnings to 4 decimal places; and when production figures were released late Friday; the boards were gloomed over the weekend in anticipation of Monday; and in the following 2 week PTQ went up.
For the record; gold grade is not a concern; good due diligence shows that PTQ has 2 million ounces of gold at Molejon and that is based on drilling up to approximately April 2007. In late 2007 something like 30 drill holes were done and not included in the data base.
The fact that PTQ is expanding the PIT means they have discovered more gold at Molejon since 2007.
It is time fort both boards to re-focus on good due diligence.
I say this for good reasons; see my next post.