Another example of dragging their feetand trying to buy more time. This terrible strategy has been going on ever since Newmont stopped being a participating partner.......When Newmont was an active participant Shore was getting everything accomplished VERY quickly.....and communicating reasonably well. THEN Newmont steps back and Shore puts it in Granny gear........ and occasionally in Neutral...... or even Reverse. Just Brutal for shareholders IMO.
Just Curious??? Who actually believes SGF is waiting until Late April/Early May to start drilling BECAUSE they want to save money. The Drilling rig will be in Halifax in the next 2 weeks....could be in Gronlid by mid March....yet the actual work will not start until end of April!!!
The drilling should be starting by the 3rd week of March IMO. Couple the delay in drilling commencement WITH the delay in announcing these details ....... and SGF has managed to waste another 2-3 months........and after the results are in and all paperwork is updated, etc etc.......a full year will have passed. Dead money for another trading year IMHO.
If this drilling plan is the key to unlocking value and advancing the project then why not get at it as soon as possible? Why talk about it for 1.5 years? Delay the PP as long as possible? Close the PP and further delay the drilling? It is Simple: this drilling plan will not change Shore Gold's circumstances significantly BUT it does reintroduces several risks. All but the Helicopter Hopefuls can see this. LMF@0!!!!
GLTA
pickinbottles