First Vanadium at the virtual investor conferenceStill sounds positive!
Assay results expected "really soon" as per Paul Cowley. He acknowledged the frustration for shareholders due to the delay, but the assay labs have been backed up, which is out of their control. They are halfway through the IP survey, which was delayed by weather, but have resumed and the results are expected "earlyish in March". The IP survey results are "the prize" as they will identify the root system.
Paul was asked about when the next round of financing will take place, his comment was "they want to get drill results out as well as the IP" prior to financing.
My take on this is that they have visually seen positive results from the drill holes that they have done and are awaiting verification of this via the assay evaluation. These results alongside the IP survey will provide a better picture of how this system looks.
For Paul to say that they want to release these results before they look for financing, suggests that he believes that they expect to see positive results and a subsequent rise in the stock price. This will allow them to secure financing at a better level. From the perspective of a current shareholder, I was pleased to hear this as it will limit the dilution of the share price and my investment.
Getting set for a 10 bagger…Just my view…
The session was recorded and is under 'Presentations' then ‘On Demand: Feb 16 Mining’ section of the conference site:
https://www.virtualinvestorconferences.com/events/event-details/global-metals-and-mining-investor-conference-sponsor?utm_source=Amvest&utm_medium=Promotion&utm_campaign=0221MetalsMiningVIC