Talk About Amateur Hour...I listened to the presentation by CEO Mario Stifano today sponsored by Follow The Money Investor Group...I was not impressed.
There is not going to be any release of additional drilling results regarding the Wenot Pit for at least 4-6 weeks. The drilling program commenced on February 11, 2021.
They "lost four (4) holes"...he did not mention at what point down hole in any of the lost holes. They had to be collared once more and start all over again. They have now "trained drillers"...are you kidding me? No explanation as to what caused the difficulties namely fractures in the structures in the sediments (very possible) and such.
I stand to be corrected on this but I believe that he mentioned that the lost holes were on the south side of the pit which would include holes 5-10...10 being the total number of holes in the initial drilling program. I will confirm that when I can access the replay.
They released holes 1 & 2 on April 21, 2021...holes 3-5 are on the north side of the pit and therefore I believe should of been released by now.
There is no question in my mind that the Team has let us down...they look like a bunch of Amateurs at this particular point.
Just to let you know...I am seriously considering exiting my entire position and moving on to another story...they are not the only game in time. My gut tells me that this will be dead money for a while. If I exit I will post on this bullboard...I will monitor the story and decide if I will get back in at sometime in the future...again...I will post if I buy in.
Over the years I have learned discipline and the ability to make decisions quickly when I have factual information in hand. It would definitely be a shame to be sitting on dead money when the sector is breaking out nicely.
Time to move on and deploy my funds to an entity that will make money over the next couple of months.
All the Best!
Digger0144
P.S. I will give it a couple of trading days before I pull the pin..let us
see if I can get a few pennies more...regardless I will move on.