PDAC - feedbackGreetings all
Here are my comments from the 3 hour presentation by SA this past Sunday evening.
Very technical but riveting and god help me if there was a test afterwards. They certainly know what they are looking for and what they are going after. They used a lot of other mines to illustrate and put into context the possibilities.
Best description is that Indonesia's southern arc is like a pearl neglace, with many pearls missing, and they are hunting for the elusive pearls which are here and there. What is so great about Lombok is the outer zinc laced ring, which tends to encircle a potential prophy (so called pearl). Sorry, if this is confusing, but the presentation gave me an appreciation of the excitement SA has for this property. It is just a matter of where the bullseye is actually located within the zone and that is the puzzle they are putting together piece by piece.
John Proust was asked about engaging an IR firm, and he indicated that this would be accomplished in 30 days or sooner. This would also be timed about when they expect the first drill results and if they come up with the goods they are hoping for from these early results so much the better.
The entire SA team was introduced and it is an impressive line up and there is little question that they have a quality team and the experience depth required to bring the company forward.
The recent PP was an amazing accomplishment in itself as it was over-subscribed purely on the strength of the Management team. The next 12-18 months will be a critical period with this new institutional shareholder base, as this will be the primary source of future funds.
I am sure others will correct anything above and add to it in the days to come.
GLTA
Long and strong
SC
OT special note to von moff - like you, I am also in the process of discovering the spirit inside - but the ego has got to go. First you need to explore and understand what ego is, because I see that it is what is blocking you. This is a friendly and kind note to you, I trust that you see it that way. Best, SC